Recent News Stories

  1. Toronto festival completes 2014 lineup
  2. Doraemon takes second weekend in Japan
  3. Giddens' Café charms HK and Taiwan
  4. Roaring Currents sets Korean B.O. record
  5. Shinya Shokudo to become feature film
  6. Lav Diaz wins top Locarno prize
  7. Enlight Media reports lower profits
  8. Gwei Lun-mei is Golden Horse ambassador
  9. Toronto adds Heart, Revenge and Love Hotel
  10. Witch tops second weekend in China
  11. Doraemon defeats Transformers in Japan
  12. Alex Yang returns with Love in Vain
  13. Roaring Currents breaks 10m admissions
  14. Uzumasa tops Fantasia awards
  15. Haemoo to compete at San Sebastián
  16. Lawson acquires Japan's United Cinemas
  17. Montreal World festival fixes line-up
  18. Fox boards Na Hong-jin's new film
  19. Taiwan's Serenity Entertainment shuttered
  20. Triumph in the Skies feature starts production
  21. Zhang Qiang joins Alibaba Pictures
  22. Lunar Kingdom bewitches China box office
  23. Kenshin sequel heats up Japan box office
  24. Busan celebrates Ann Hui
  25. Roaring Currents shatters Korea B.O. records
  26. Orange Sky Golden Harvest issues profit warning
  27. Metroplex brings Sundance to Hong Kong
  28. China Lion takes But Always
  29. Fosun and SFG strike alliance
  30. Roaring Currents takes Kundo's opening record
  31. Tokyo IFF spotlights Anno Hideaki
  32. Taiwan launches film institute
  33. Godzilla stomps to top of Japan B.O.
  34. Toronto announces second wave of films
  35. Antonym takes two at Skip City
  36. Midnight After wins PiFan jury prize
  37. Continent lands at China box office
  38. Kundo breaks 3m admissions in South Korea
  39. Taiwan govt announces subsidy dozen
  40. Han Han's debut opens big in China

HK to help first time features

HK to help first time features

By Patrick Frater

Wed, 16 January 2013, 13:27 PM (HKT)

Policy/Legal News

The Hong Kong government today revealed plans for a new support initiative to help first time film-makers.

The measure was announced as part of the first policy address by recently appointed Chief Executive CY Leung.

"To nurture a new generation of film production talents, Create Hong Kong will launch a First Feature Film Initiative to identify new talents through a competition on screenplay and production proposals. The winning film directors and their teams will receive full funding from the Film Development Fund to take forward their proposals," Leung said.

It will enable the FDF to provide 100% of the budget for films costing less than US$520,000 (HK$4 million). The existing fund co-invests alongside other investors and is allowed to provide up to 40% of the budget for films costing less than US$1.94 million (HK$15 million).

"Talented film and television professionals from Hong Kong are not only making their way to Hollywood, but are also engaged extensively in film and television production in both the Mainland and Taiwan," Leung said by way of background.

Leung said that "Hong Kong's cultural and creative industries have run into an array of difficulties in recent years," but that "...given suitable support, Hong Kong can scale new heights in cultural and arts development."

In late 2012 the territory's government auditor had critically examined the workings of the CreateHK's Film Development Council, but Leung offered it support. "We will continue to work with the Hong Kong Film Development Council and support the film industry through the Film Development Fund," he said.

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