Wednesday, March 21, 2007

Ver mas de Paz?

We're all for it, if it works:

MADRID – A new row broke out on Tuesday over a controversial new law which is designed to promote Spanish cinema.

The law, which is due to be approved in a cabinet meeting on Friday, will oblige television companies to invest 5 percent of their earnings to promote home-grown productions.

In return, television production companies will get an 18 percent tax deduction.

The law means Spanish channels have to show a quota of Spanish and European films as opposed to Hollywood productions.

One in three must be Spanish or at least European.

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