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European film fund spend up 13.4%

Average annual spend of film and AV funds in Europe totals $2.6bn, up from $2.1bn in 2010.

The spend of European film and audio-visual funds rose 13.4% from 2010 to 2014, according to a report published by the European Audiovisual Observatory.

The average annual spend of the funds reached $2.6bn (€2.29bn) in 2014, up from $2.1bn in 2010.

Theatrical production accounted for 41% of all resources spent in European, followed by spend on television and video games. Spend on the digitisation of theatres dropped drastically over the period as digital roll-out reaches its conclusion in Europe.

The report also found that European funds had seen a small drop-off in annual income. In 2014, the funds took in $2.82bn (€2.52bn) from sources including governments and broadcasting levies, down from $2.86bn (€2.56bn) in 2013.

Elsewhere, the report detailed an increase in operational fiscal schemes across Europe, rising from 12 in 2008 to 26 in 2014.

There were a total of 250 film funds reported active during the time period examined.

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