The Film Law is already among us, and all the stakeholders involved in local film production are eager and positive. Producers and filmmakers celebrate together the enforcing of Presidential Decree 370-11, and see with much optimism the future of an activity, that thanks to this push, they hope to turn into an industry.
“No doubt about it, more movies will be made” said Manuel Corripio during his participation in the Forum: “Film Law: Investment Perspective”, hosted last Tuesday. Producer of films such as “Perico Ripiao’”, “Mi novia está….. de madre”, and “LotoMan”, Corripio favors the production of comedies for their capacity towards return on investment, but made a calling to improve the quality of same.
He understands also that the expansion in viewers’ audience must be one of the goals to attain starting now. The businessman reminded that film, asides being a cultural and artistic activity, is also an entertainment option for the public and that only local productions are what cause for viewers whom don’t usually go to the movies, to decide to attend.
The good incentives offered to all those whom wish to invest in inland film production will cause for other impresarios to want “their slice of pie”. In that aspect, Corripio suggested that those whom wish to invest, to do so because they feel a true passion for film and not just simply thinking of their cut of the proceeds.
The Film Law allows the State to take 25% of the duties of private companies in order to invest in film production, thus stopping this activity from being seen as a business, as was stated by José Enrique “Pinky” Pintor, by two “mad men”, one with the money and the other one with the talent, to be a thing of the past. At the activity, hosted by the consulting firm OMG which took place at The Garden Tent of the Hotel El Embajador, participated also impresario Juan Vicini and filmmakers José Enrique Pintor, Leticia Tonos and Jaime Pina, among others.
The consulting firm OMG hosted the Forum: “Film Law: Investment Perspective”, amid which aspects of law 108-10 were analyzed and the investment opportunities for the Dominican Republic.
The event took place at The Garden Tent of the Hotel El Embajador, from 2:30- 7:00pm, featuring the attendance of local and foreign filmmakers, and members of the public and private sectors, as well as potential film investors.
The forum agenda included a section called “Legal Framework, background and incentives regime”, headed by Laura Castellanos of FUNGLODE, Mónika Melo and Marianna Vargas from OMG, and Peyi Guzmán of the Dominican Association of Film Professionals (ADOCINE). The second section of this forum dealt with the “Development of the Film Industry and investment perspective: headed by José Pintor, producer; Omar De la Cruz, of Funglode; Antonio Genari of Indomina Group and Aguie Lendor of the Center of Exports and Investment Promotion of the Dominican Republic (CEI-RD). Also present as guests panelists were Alfonso Rodríguez, local director and businessmen Manuel Corripio, Juan Vicini and Ricardo Hazoury.
Indomina is a company in the Real State and Tourism portfolio of assets managed by VICINI.
The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.
Source: Listin Diario