Recent News Stories

  1. Ha Jung-woo and Bae Doo-na enter Tunnel
  2. Local youth fares top Japan box office
  3. Hunger Games finale inflames Greater China
  4. Ode to My Father tops Grand Bell Awards
  5. Inside Men wins South Korea box office
  6. Taiwan takes back spotlight at Golden Horse
  7. Iwai Shunji wraps Rip Van Winkle
  8. Goodbye Mr. Loser team sues film critic
  9. Mozu wins second weekend in Japan
  10. Spectre leads China box office
  11. The Priests remain strong in South Korea
  12. Manang Biring wins animated Cinema One
  13. GTH to split into founding companies
  14. Choi Yong-bae to head BiFan festival
  15. Mozu tops Japan box office
  16. Yuen Woo-ping, Tsui Hark remake Miracle Fighters
  17. EX-Files sequel romances China box office
  18. The Priests possesses South Korean cinemas
  19. Honor Thy Father to open Cinema One Originals
  20. Curtailed Taipei box office data resumes
  21. Hualien withdraws from public listing
  22. Kai Ko to make comeback in Midi Z film
  23. Emperor, Wanda to adapt Higashino Keigo novel
  24. Witness captures China audiences
  25. John Shiota on anime's new opportunities
  26. Fatal Intuition tops South Korea box office
  27. SAPPRFT drafts China's first film law
  28. Tokyo awards Grand Prix to Brazil's Nise
  29. The Assassin leads APSA nominees
  30. Enlight and Huayi show growth in Q3
  31. Fixing Japanese cinema's image problem
  32. Singapore Film Festival expands horizons
  33. Galaxy Turnpike steers to top of Japan box office
  34. Ishizaka Kenji on TIFF's Philippines' focus
  35. Raman Hui is CineAsia Director of the Year
  36. Pan flops at the China box office
  37. Yatabe Yoshi on Tokyo's selection criteria
  38. South Korean films had September winning streak
  39. The Phone rings up South Korea box office
  40. Veedu launches sales of Malaysian Tamil cinema

GIO announces $3m in flagship subsidies

GIO announces $3m in flagship subsidies

By Stephen Cremin

Sat, 10 July 2010, 14:38 PM (HKT)

Finance News

Taiwan's Government Information Office (新聞局) have announced the first phase recipients of its recently promulgated flagship and strategic motion picture subsidy scheme (旗艦組國產電影片補助金).

The four successful projects are Wang Tung's (王童) Once Upon a Time in Taiwan (海峽), Chen Yu-hsun's (陳玉勳) 必殺技 (literally, The Killing Move), Hou Hsiao-hsien's (侯孝賢) The Assassin (聶隱娘) and Wei Te-sheng's (魏德聖, pictured) Seediq Bale (賽德克巴萊).

The Strait will be the first live-action film by veteran Wang Tung in almost a decade. In 2005, he co-directed animation Fire Ball (紅孩兒決戰火焰山, as "Wang Toon"), based on the legend of the Monkey King. Wang's project received the largest subsidy, NT$30 million ($934,000).

The Killing Move will mark the long-awaited return to directing of Chen Yu-hsun who previously made Tropical Fish (熱帶魚, 1995) and Love Go Go (愛情來了, 1997). His action-comedy, which plans to shoot as a China co-production, received a subsidy of NT$20 million ($625,000).

Hou Hsiao-hsien has also been awarded NT$20 million ($625,000) for his long-delayed martial arts fantasy The Assassin. Hou was previously awarded a production subsidy of $468,000 in December 2005, and assurance that 30% of the budget would be provided by the government's National Development Fund.

Finally, Wei Tei-sheng's Seediq Bale — about an aborigine uprising during the Japanese occupation of Taiwan — received a subsidy of NT$25 million ($780,000). Since he has almost completed his shoot, he is already eligible for a first payment of NT$8.75 million ($273,000).

According to GIO documents, the intention of the scheme is to "encourage the production of domestically produced motion pictures of both cultural/artist and commercial value". Production companies may submit applications for the second phase of the scheme in September.

The amount of funding for each film cannot exceed 30% of the estimated total production costs, although the GIO may also assist the filmmakers with securing loan financing or investment from the National Development Fund. Foreign producers may submit for funding through a local production partner.

Sign up with your email address for our free weekly newsletter: