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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
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
failed to a get a commercial release despite it's
bankable cast. The board invested over £300,000 in
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.
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.
Fifth Providence got a cash injection of £300,000
but was never commercially released. Many other movies
just went straight to video.