Medienboard Berlin Brandenburg

Default fund 2 for TV and streamers starts

Negotiations between Berlin, Brandenburg and other German states for a failsafe for Covid-19-related filming interruptions in TV productions have reached a conclusion. Up to 57.5 percent of the recognized damage will be covered by the participating states, while the broadcasting groups and streaming services will cover 32.5 percent. For producers, a deductible of ten percent is envisaged, with a minimum of 10,000 euros. Production companies are entitled to receive compensation payments of up to 800,000 euros from the Default Fund II, with these payments staggered differently depending on the genre. As with Default Fund I, the compensation payments are made via the German Federal Film Board (FFA). It should be noted that only producers who have their headquarters in a federal state that participates in Default Fund II can count on receiving aid. The fund will take effect retroactively as of November 1, 2020, and will cover damages that should occur by June 30, 2021.

Translated with www.DeepL.com/Translator (free version)

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