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14-02-01 news
Irish film Industry at a loss...

Irish media reports suggest that over 14m of tax payers money is being used to make a series of Irish movie flops. The Irish film board is counting the cost of backing several projects that turned out to be commercial failures. It shelled out the 14m over the past five years but has only managed to get back 1.5m.

The return is just half of what the film board expected to get back according to Irish media reports. Some of the biggest film flops included Pete's Meteor, which stared Oscar winner Brenda Fricker and Mike Myers.It failed to a get a commercial release despite it's bankable cast. The board invested over 300,000 in that project.

Love and Rage a film which was made in the Achill Islands got another 600,000 from the board. But, that was so bad it has yet to get releases either in the cinema or on video.

The Last September another film funded by the board and staring Fiona Shaw and Maggie Smith only managed an arthouse release. It was lent 500,000 in 1998 and took only 40,000 in the Irish box office.

The Fifth Providence got a cash injection of 300,000 but was never commercially released. Many other movies just went straight to video.

 

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