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Qingdao Oriental Movie Metropolis Special Fund Council for Film & Television Industrial Development

2017/8/31

Qingdao Oriental Movie Metropolis Special Fund Council for Film & Television Industrial Development

Notice on Releasing the Detailed Rules on Cost Subsidy of Outstanding Film & Television Works by Qingdao Oriental Movie Metropolis Special Fund for Film & Television Industrial Development

1.The amount of Qingdao Oriental Movie Metropolis Special Fund for Film & Television Industrial Development (hereinafter referred to as the "Special Fund") is 5 billion yuan. An annual amount of up to 1 billion yuan will be channeled to subsidizing eligible film & television works for 5 years in a row from 2017.

2.The subsidy will be granted in cash. Films and television works at home and abroad do not share the same subsidy benchmark, which means different cash rates. In addition, the subsidy rate, which will be adjusted with annual budgets and project applications, can amount up to 40% at best. A single work can get a subsidy of 120 million yuan at most. The subsidy benchmark for the same series of films made by the same institution within 1 year shall be calculated on an accumulative basis. The total amount of subsidy allocated for annual production cost shall not exceed the total contributions by all investors that year.

3.2017 Annual Subsidy Standard for Film & Television Works

This Standard shall apply to eligible film and television works shot and produced during January 1, 2015 to December 31, 2017.

1). Film works

Film works at home: the subsidy benchmark ranging from 8 million yuan (included) to 20 million yuan stands at a rate of 30% and that over 20 million yuan (included), 40%. Film works that have won the China Huabiao Awards, Hundred Flowers Awards, Golden Rooster Awards, or the best film awards in class-A international film festivals can be subsidized at a rate of 40%, unlimited by the amount of subsidy benchmarks.

Film works abroad: the subsidy benchmark over 30 million yuan (included) stands at a rate of 40%.

2). Television series

Television series at home: the subsidy benchmark ranging from 5 million yuan (included) to 10 million yuan stands at a rate of 30% and that over 10 million yuan (included), 40%. Television series, which have won the Flying Goddess Award can get subsidized at a rate 40%, unlimited by the amount of subsidy benchmarks.

Television series abroad: the subsidy benchmark over 30 million yuan (included) stands at a rate of 40%.


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