Investment - In Brief


- At Cannes festival, Doha Film Institute (DFI) executive director Amanda Palmer said that DFI has awarded five post-production, 12 production and eight development grants for filmmakers from the MENA region. Recipients are from Egypt, Algeria, Lebanon, Palestine, Syria, Jordan, Tunisia and Morocco. The selected projects include sports and family themed-films centred on self-realisation and survival, films celebrating freedom of expression in the Middle East, nostalgic tales of love, longing and relationships, and political dramas about the effects of civil war, DFI said. In addition, DFI also announced its first international co-production Black Gold, with Quinta Communications – a $55 million Arabian family epic helmed by acclaimed director Jean-Jacques Annaud, and starring Antonio Banderas, Freida Pinto, Tahar Rahim and Mark Strong.

- To foster the development of the cinema industry in Madagascar, a new fund has been created. The project must be visual types of fiction, animation and documentary. The fund will be managed by a committee that reviews all types of projects lasting less than thirty minutes. All entrants must be nationals of Madagascar and must reside in Madagascar and the production company recipient of aid must be stable in Madagascar. The first call for film projects will be launched in June 2011.