Ireland & Hungary Deal

Screen Daily reports that representatives of Bord Scannán na hÉireann/the Irish Film Board and the Hungarian Motion Picture Public Foundation will sign a co-production agreement in Berlin on Sunday, February 8, which is designed to foster co-productions between the two territories.

Hungarian Film Commissioner Erszebet Toth announced the agreement February 2 at Hungarian Film Week in Budapest.

Toth emphasized that the reciprocity is in terms of proportion of the budget, not absolute dollar amounts.

For example, a co-production in which 80% of the budget comes from the Irish side would be answered by a co-production in which 80% of the budget comes from the Hungarian side.

The agreement further stipulates that not more than 30% of the budget of such co-productions can come from third parties.