What Is A Co-Production Agreement

The director of dialogue, Mickey Knox, recalled that many countries behind the old Iron Curtain were proposing lucrative deals to bring in US dollars and pounds sterling. In exchange for a portion of the profits or a direct payment, the host country would cover most of the local costs; with the film often credited as co-production. [8] Due to the cost of cinema, many films made outside the United States are international co-productions. Amélie, for example, plays in France and plays French actors, but many scenes were shot in a German film studio and the post-production was taken over by a German film company. [6] International co-productions open up new markets for films and television programmes and can increase the production of quality productions through the participation of equities. [7] In Australia, some have suggested that a narrow definition of “local content” has limited Australia`s ability to work with international partners. Julia Hammett-Jamart reflects france`s and Australia`s different approaches to this and argues that a literal definition of Australian culture was “antagonistic to the collaborative nature of film production and in particular international co-production.” [17] [18] [19] Hoskins, McFadyen and Finn and Parc identify the disadvantages of international co-productions: after World War II, the Marshall Plan prohibited American film companies from taking their film earnings from European countries. As a result, several film companies have set up studios and production companies in countries such as Britain and Italy to use their “frozen funds”. Park maintains, however, that co-production actually appeared much earlier. [1] The debate on international co-productions focuses on the potential of productions to have little cultural specificity in any of their countries of origin. Internationalization creates tensions in terms of costs, benefits and opportunities. In Australia, for example, O`Regan and Ward argued that the influx of international production into the Queenslands Gold Coast in the 1990s presented a considerable challenge for local producers.