Spain's Ministry of Culture confirmed that a much debated new Cinema Support and Promotion Law was approved by Parliament on Friday, June 22.
The law mostly codifies existing film initiatives. However, it does pass into effect a new requirement that Spanish broadcasters invest 3% of their annual earnings in Spanish audiovisual product. The 3% figure is 60% of an existing obligation on broadcasters to invest 5% of earnings in European product.
The law also reinstates the country's veteran screen quota system, maintaining the requirement over the next five years that cinemas programme at least one European film for every three non-European films screened in cinemas. A plan to scrap the quota system was met with widespread disapproval in the industry and led to the creation earlier this year of a congressional committee to hear arguments for and against the proposition.