01 Jul 2011 - Freeway Entertainment
Following an open call for tenders, EURIMAGES has renewed its partnership with Freeway Entertainment Group, offering favourable conditions for those producers which have received Eurimages support.
In 2009, EURIMAGES, the Council of Europe’s fund for the production and distribution of European films, selected Freeway Entertainment Group as its first official preferred collection agency.
The new partnership is valid for three 3 years.
Freeway Entertainment Group Partner Martijn Meerstadt said: “We are delighted to be working with Eurimages for another three years. The renewal of our partnership illustrates how successful our first term has been as the official preferred collection agency, and we look forward to another three years of assisting Eurimages to grow the market for European film by helping to protect co-producers’ interests using collection account management.
Since 1 January 2009, the use of collection accounts has been compulsory for co-productions with budgets equal to or greater than €3 million. For projects with a budget of less than €3 million, Eurimages reserves the right to demand the setting up of a collection account by a collection agency.
The collection account management agreement must be made before the payment of the first instalment of the support granted by Eurimages is made.
However, it is also specified that Freeway Entertainment reserves the right to adapt these favourable conditions when some territories or media are excluded from the scope of the collection agreement besides those items indicated in the list of deductions.