New Rotterdam film fund
Rotterdam Film commissioner Jacques van Heijningen confirmed on 30 January his intention to oversee a private feature film development fund, worth up to €3 million, secured from some of Rotterdam's 'captains of industry'. Van Heijningen further confirmed that this will mark stage one of a two-part plan which will see the creation of a private production fund, valued up to €50 million, and operational from 2009. The development fund, which will help develop ten features, will be launched at Cannes 2008.
'Money makes money,' van Heijningen told the Daily Tiger. 'In Rotterdam, we want to make big international co-productions and be in the position to contribute up to 20% of these budgets. But the producer, or co-producer in the case of a minority co-production, must be based in Rotterdam. It would be nice if these films were shot in Rotterdam, but that will not be a necessity.'
The Rotterdam Film Fund operates on a budget of €3.1 million, of which €0.54 million is earmarked for development, €2.16 million for production. Van Heijningen also confirmed that the Rotterdam Film Fund, IFFR and Chief Marketing Office of the City of Rotterdam will co-host the Cannes 2008 Holland Film House with Holland Film. NC