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FDCP’S FilmPhilippines to jumpstart 2021 with a new film incentive

Republika

To support partnerships between the Philippines and fellow member states of the Association of Southeast Asian Nations (ASEAN), the Film Development Council of the Philippines (FDCP) through its FilmPhilippines Office (FPO) has launched the ASEAN Co-production Fund (ACOF).


The ACOF is a selective fund that will support every selected project with up to USD 150,000 (approximately PHP 7.2 million), provided that the co-production involves a Philippine company registered with the FDCP’s National Registry and at least one company from an ASEAN country such as Indonesia, Malaysia, Singapore, Thailand, Brunei Darussalam, Vietnam, Lao PDR, Myanmar, and Cambodia.


The ACOF, which will select up to two projects per cycle, will have three cycles in 2021:


• 1st Application Period – January 4 to March 31, with Selection Committee deliberations in April


• 2nd Application Period – May 3 to July 30, with Selection Committee deliberations in August


• 3rd Application Period – September 1 to November 29, with Selection Committee deliberations in December


Eligible projects are feature films of more than 80 minutes with a director of ASEAN nationality minority or majority co-producing with the Philippines. They must have a distribution guarantee or deal memorandum for a theatrical or video-on-demand (VOD) release in the Philippines or for a minority Filipino co-production, a distribution guarantee for a theatrical/VOD release in the country of origin.


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