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AER Summer School 2012 Ponta Delgada, Azores – August 20-25, 2012 10 years of cinema in Wallonia Assessment of the Wallimage economic fund 2011 - 2011
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The start Emergence of talent in the’90s May 1999 : Golden Palm for « Rosetta » January 2000 : creation of Wallimage Ltd. January 2001 : opening of the offices in Mons
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The structure Wallimag e s.a. Wallimage Entreprises s.a. Wallimage Coproductions s.a.
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The strategy «generate a structuring effect on the upcoming audiovisual industry in the Walloon Region» Political will to condition a market Support for works depending on regional expenses Support for audiovisual service companies established in the region
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The resources 6 + 2 F.T.E. €4,5 M / year €9 M (capital)
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Reinforcement from Brussels! 1 F.T.E. €1 M / year
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Allies Wallimage Wallonie Tournages Cluster T.W.I.S.T.
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The Wallimage films Wallimage Coproductions : Supported 136 productions in 10 years !
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The mechanism To encourage co-productions in Wallonia or bring them here, we invest, on average, €250,000 per project. Part is a loan, part is co-production Rule: Producer’s regional expenses = 100 % in AV ! Under these conditions, he receives: 60 % as equity 40 % as loan Regional stimulus: Each time the production exceeds the regional expenditure by 5 % The loan share is reduced by 1 %
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An example LE COUPERET by Costa Gavras French – Spanish production Les Films du Fleuve joins the co-production Total estimated budget: €5,000,000 Wallimage investment: €330,000 Regional audiovisual expenses: €1,020,445
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Another example (2011) RIEN A DECLARER by Dany Boon Preliminary work with Pathé France French – Belgian production Total estimated budget : €22.000,000 Wallimage investment : €400,000 Regional audiovisual expenses: €1,773,361 (443 %)
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70 Belgian films
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65 int’l co-productions
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Animation cinema
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Results Between February 2001 and February 2011 46 investment sessions 704 submissions analysed 136 supported projects 0 failures Investment by the region: €31,305,580 Generated audiovisual expenses: €94,051,460 Ratio : 300 %
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The Walloon enterprises Wallimage Entreprises : Supported 17 enterprises in 7 years !
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Figures Acquisition of interests:€1,757,446 Tied loans:€1,558,602 Global investment : €3.316.048 3 bankruptcies 3 buybacks of our stakes 11 companies in our portfolio today
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The enterprises
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Cluster structure
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Wallimage head of a trans-regional network
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Cine-Regio : already 32 members
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In the short term: better dissemination of information and opportunities In the medium term: cooperation experiments by several Regional Funds In the long-term: harmonisation of certain regulations In more general terms: a new financing sector is being consolidated, is expanding and is being rationalised Value for the Producers With the support of
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AER Summer School 2012 Ponta Delgada, Azores – August 20-25, 2012 Thank you for your attention! Q & A For more information, do not hesitate to contact: Wallonia-Brussels International (WBI) Mr. Stéphane COOLS +32 2 421 85 12 s.cools@wbi.be
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