Thursday, November 18, 2010

Mexico's film industry


More films, more subsidies, elusive profits

María Félix warmed hearts and bottom lines in the golden age

WHEN the Morelia International Film Festival began in 2003, the organisers struggled to find a home-grown release with which to open it. This year’s festival, which took place last month, was spoilt for choice. The number of films made each year in Mexico has trebled in the past decade (to around 70), largely thanks to a big increase in state funding. Last year the government gave out $73.3m in grants and tax breaks to Mexican producers; this year it will also offer rebates to foreigners who make their films in Mexico.

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