German Industry Gets Early Xmas Present as New Film Subsidy Law Comes in Under the Wire

Image from The Hollywood Reporter

• The new law, expected to be approved by the German Senate today, will go into effect on January 1, 2025, just as the previous law expires, preventing a potential industry shutdown that could have affected 120,000 jobs.
• While the final version of the law was watered down from the original proposal, cutting a clause that would have required diversity and inclusion standards, it still includes measures to streamline the funding process and boost the German industry's global competitiveness.