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Boosting Icelandic film industry

The government has decided to double its support to the Icelandic film industry to an annual stipend of ISK 700 million (EUR 8 million, USD 10 million).

Minister of Culture and Education Thorgerdur Katrín Gunnarsdóttir and Minister of Finance Árni M. Mathiesen and representatives from the Union of Icelandic Filmmakers signed a contract yesterday, granting the Icelandic film industry this increased financial support, as reported in the main print media.

The contract includes that the current funding of 372 million (EUR 4 million, USD 5 million), will increase to 700 million (EUR 8 million, USD 10 million) by 2010.

It was also agreed that from now on at least four full-length acted movies will be produced in Iceland every year with special emphasis on movies for families.

A continued support for documentaries and short films is also planned, as well as increased financial support for the production of Icelandic TV programs.

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