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New law re-launches a film industry in Panama

Wednesday, May 2, 2012

After a 60 year period of silence, the Panamanian film industry is waking up.

Last week, President Ricardo Martinelli enacted a new film law that had been in the works for eight years, pushed by a very small group of local filmmakers and producers who were trying to create a film industry in a country that hadn’t produced one single film since the 1950s.

The law, which was championed by local producer Luis Pacheco established an annual $3 million fund for local film productions, a huge sum in a country with only a handful of filmmakers.

Source: Hollywood Reporter