Mexico’s film industry appears healthy, but the question is for how long. In 2019, Mexican president Andrés Manuel Lopez Obrador decimated festival funding. There’s a fear that, as the economy contracts, so will its tax credits, the main source of film sector finance, says Pimienta’s Nicolas Celis, a producer on “Roma.”
Such fears have seen the country’s top producers re-engineering operations: many, such as Piano, Woo Films, Pablo Cruz at Canana and El Estudio have moved into TV production. Some, such as Panorama, have launched more commercial, Ott platform-friendly slates.
Companies are also aiming to tap more regular international co-financing, such as Pimienta’s first-look deal with Exile and Endeavor Content, while Piano has expanded into Colombia and Germany and El Estudio has launched bases in Los Angeles and Madrid.
Above all, many are looking to produce with top talent inside and outside Mexico. Piano’s slate...
Such fears have seen the country’s top producers re-engineering operations: many, such as Piano, Woo Films, Pablo Cruz at Canana and El Estudio have moved into TV production. Some, such as Panorama, have launched more commercial, Ott platform-friendly slates.
Companies are also aiming to tap more regular international co-financing, such as Pimienta’s first-look deal with Exile and Endeavor Content, while Piano has expanded into Colombia and Germany and El Estudio has launched bases in Los Angeles and Madrid.
Above all, many are looking to produce with top talent inside and outside Mexico. Piano’s slate...
- 5/11/2020
- by John Hopewell
- Variety Film + TV
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