Content agencies from Turkey, Malaysia, Indonesia, and the Philippines showcased their incentives and co-production efforts during the Taiwan Creative Content Fest (TCCF) on Thursday.

Malaysia’s National Film Development Corp (FINAS) announced its intention to adopt a scheme aimed at fostering co-production partnerships with local filmmakers.

“We’re progressing towards gap financing and matching funds, which will be officially announced next year,” stated FINAS CEO Azmir Saifuddin Mutalib.

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“We are exploring how to implement gap financing and align it with our rebate systems. Our goal is to attract more private investors in the future.”

Malaysia currently offers a location incentive for local and international projects, the Film In Malaysia Incentive (FIMI), which provides a 30% cash rebate on eligible Malaysian production expenses, along with an extra 5% rebate subject to a cultural assessment.

To date, FIMI has supported 61 foreign productions, resulting in cash payouts totaling $90M, and 54 domestic projects, with payouts of $14.5M. Notable foreign projects include Crazy Rich Asians, The Mandalorian, 6 Underground, and Blackhat.

Alex Sihar from Indonesia’s Ministry of Education, Culture, Research and Technology discussed the country’s initiatives, such as the Indonesia Film Matchfund, aimed at enhancing its local film industry.

This $10M initiative matches funds obtained by Indonesian co-production projects from international funding sources. It recognizes over 15 foreign funds, including the Hubert Bals Fund, CNC’s Cinemas du Monde, and others from Berlin, Norway, and Doha.

Films supported by the Indonesia Film Matchfund include Crocodiles Tears, which debuted at the Toronto International Film Festival, and Tale Of The Land, which earned the FIPRESCI Prize at the Busan International Film Festival.

The Ministry has been funding labs, workshops, film festivals, and various initiatives to bolster the local film sector. Indonesian films like Makbul Mubarak’s Autobiography and Edwin’s Vengeance Is Mine, All Others Pay Cash have gained recognition at international festivals.

However, the Ministry is undergoing significant restructuring as new president Prabowo Subianto assumes office. The film industry will now primarily fall under the new Ministry of Culture, with involvement from other ministries expected.

Faruk Guven and Esra Demirkiran from Turkey’s TRT Sinema detailed the co-production funding available through its 12 Punto initiative.

12 Punto is Turkey’s largest script development and co-production platform, supporting both Turkish projects and international collaborations at the script development phase.

“We assist Turkish feature films, shorts, and international feature films that have a minority Turkish co-producer, guiding them from script development through to festival participation and distribution,” said Demirkiran.

TRT Sinema has participated in projects like the Cannes Palme d’Or winner Triangle Of Sadness and has launched a new streaming platform, Tabii, set to be available internationally next month.

Marylo Christine Celis from the Film Development Council of the Philippines (FDCP) discussed the organization’s International Co-production Fund (ICOF), which provides selective funding for co-productions with the Philippines, capped at $180,000 for features/series, plus a $35,000 cultural bonus.

Recent ICOF-supported projects include James J. Robinson’s First Light, a co-production with Australia, and Marianne Metivier’s Splendor Of Life, co-produced with France and Canada.

Additionally, the Philippines has a Film Location Incentive Program (FLIP), offering a 20% cash rebate with a cap of $450,000, which can be enhanced with a 5% cultural bonus.

FDCP, FINAS, the Indonesian Film Board, and Taiwan Creative Content Agency (TAICCA), which is hosting TCCF, are part of the newly formed Asian Film Alliance Network (AFAN), alongside the Korean Film Council (KOFIC), Singapore’s IMDA, and the Mongolian Film Council. Thailand’s new content agency, Thailand Creative Culture Agency (THACCA), holds observer status.

Person

Azmir Saifuddin Mutalib, Alex Sihar, Makbul Mubarak, Kamila Andini, Edwin, Faruk Guven, Esra Demirkiran, Marylo Christine Celis, James J. Robinson, Ruby Ruiz, Marianne Metivier, Prabowo Subianto

Company Names

Malaysia’s National Film Development Corp (FINAS), Indonesia’s Ministry of Education, Culture, Research and Technology, TRT Sinema, Film Development Council of the Philippines (FDCP), Taiwan Creative Content Agency (TAICCA), Korean Film Council (KOFIC), Singapore’s IMDA, Mongolian Film Council, Thailand Creative Culture Agency (THACCA)

Titles

Taiwan Creative Content Fest (TCCF), Crazy Rich Asians, The Mandalorian, 6 Underground, Blackhat, Crocodiles Tears, Tale Of The Land, Autobiography, The Seen And Unseen, Vengeance Is Mine, All Others Pay Cash, Triangle Of Sadness, Green Border, About Dry Grasses, First Light, Splendor Of Life

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