The Icelandic film fund has gone back on it’s word to fund my next feature film BALDUR, and the 50% funding towards the budget of Baldur has been taken away. That leaves us at square one, with an option to re-apply for the film fund and most likely get turned down or be funded with a much lesser amount.
This is due to cut backs that government of Iceland is imposing on the film fund. All funding to feature films has been cut back 30%. This means that feature films no longer can expect figures like 60.000.000. It does not surprise me that our film has had it’s funding taken away, since the initial funding was quite a high number. But the sad thing is that the film fund is now money driven and they are losing a chance of being culturally relevant by supporting our film. Our film is the only feature film in pre-production that addresses the economy state of Iceland head on and the crisis that is happening in the country right now. But rather than fund a project on this subject the film fund would rather keep their money, keep their staff, keep their offices and fund nothing or next to nothing… certainly it seems that when it comes to subjects, they do not want film makers to be dealing with the situation.
I’ve already started plans for feature films outside of Iceland. I still have hope in making Baldur as I truly believe it’s an important film in the history of Icelandic film. It’s a movie that in these times needs to be made. But if the film is still finding it hard to get off the ground in 2010, then I will continue my journey in trying to make films abroad. There sadly doesn’t seem to be much of a future for The Icelandic Film Industry.
In development are projects in Latvia, China and Ireland.