Subsidies, too, can be seen as both friend and foe. As noted in the Introduction, subsidies put a phantom audience where a real audience should be. In June 1994, 65% of all 333 European film projects in development or production had subsidy money and 51% had money from television (Table 6.1).
|NOVEMBER 1992||DECEMBER 1993||JUNE 1994|
|Films in production||603||646||510|
|with subsidies (%)||380 (63%)||386 (60%)||333 (65%)|
|with TV investment (%)||302 (50%)||307 (48%)||259 (51%)|
(Source: European Film File.)
In some countries, television investment and subsidy amount to the same thing. For example, in France and Italy, broadcasters are obliged ...