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News 4

Mexico is on the Move!

Guadalajara Wraps and a New Fest Begins

FICG (pronounced FeeSeeg and standing for the Festival International de Cine in Guadalajara), displayed a new vibrancy. Besides some great films, great attendance and great organization, several Latin American countries are entering the international film business for the first time (Peru and Ecuador) with subsidies from their government pointing to an optimism for film production as an economic factor in their country's growth.  I blogged about the Dominican Republic but not about the new Law 226 in Mexico which encourages businesses to invest up to 20 million pesos (U.S.$2 million) or 10% of the taxes they owed the previous year (whichever is higher) into Mexican film production, or Brazilian access to subsidies.

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