New IFB Producer Recoupment Policy Introduced
Bord Scannán na hÉireann/the Irish Film Board (IFB) are delighted to announce the introduction of new arrangements for Recoupment, which will enable producers to share in revenues from their film or television project, while the IFB is still recouping its investment.
This means that Irish production companies will now share in the IFB's own revenues, so that part of what would normally flow to BSÉ/IFB towards its own Recoupment, flows to the producer instead.
How will it work?
A single approach is applied to all types of film, i.e. features, documentaries, animation and television drama, and all types of production and co-production, resulting in one basic principle which pertains to all deals with the IFB - albeit with variations in a small number of particular cases.
The producer of a film or television project in which the IFB invests is now entitled to an internal corridor of 50% subject to certain exceptions. In effect, half of the money invested by the IFB is considered as money invested by the producer. The IFB is deemed to have recouped when it has earned back half of its investment, the other half having been received by the producer.
The internal corridor will not apply to net profits.
Who can avail of this?
This incentive is available to all film and television projects in receipt of IFB production funding subject to certain exceptions (for example regional support funding, television documentaries and short films).
When is it effective from?
The Producer Recoupment arrangements set out in the Producer Recoupment Guidelines become effective on 1st July 2007. Films and television projects where financing contracts with the IFB were entered into before that date will not benefit from the arrangements.
For more details information on how this will work please read the Producer Recoupment Guidelines on our website.