Philippines Revamps International Co-Production Fund With Minority and Majority Tracks, Unveiled at Busan Market

The Philippines has reorganised its International Co-Production Fund into two tracks, with support levels based on how large a Filipino producer’s stake is. The Film Philippines Office announced the framework at the Busan International Film Festival’s Asian Contents & Film Market, aiming to support both Filipino-led collaborations and projects where Filipino producers are junior partners.

The Majority Track offers up to PHP13 million for features and series, or PHP5 million for documentaries and shorts; Filipino producers must hold at least 20% and the largest share. The Minority Track offers up to PHP7 million for features and series, or PHP3 million for documentaries and shorts, with a minimum 10% Filipino stake. Both tracks provide extra funding for qualifying ASEAN co-productions and projects meeting a cultural test, and require Filipino participation and plans to reach audiences.