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G.O. SODIPO AND CO.
In this quarter’s newsletter we are taking a cursory look at Co-Production Treaties.
Co-production treaties are agreements entered into by two or more countries to articulate mutual benefits arising from party countries working together to produce a film.
The advantages of co-production treaties far outweigh any difficulties a country may encounter in trying to enter into one. One of the major advantages, is it brings in foreign direct investments (FDI) into a country in addition to acting as a foundation for increase in job creation ad wealth distribution.
It also makes it easy for co-producers to pool financial resources, have access to the partner government’s incentives and subsidies, access to the partner’s market or third party markets, exposure of co-producers to other cultures etcetera.
Some difficulties that could arise in seeking to enter into a co-production treaty may be language barrier, cultural sensitivities, partner governments being too rigid and wanting to make decisions for co-producers in areas such as budget, location, casting, etcetera