Bill forms pic fund
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The measure creates a film institute and new sources of financing for local pics. Exhibs, home entertainment distributors, private broadcasters, digital platform operators and cable TV operatorswould have to give 1.5% of their revenues to a funding pool. It would make public television allocate not less than 1.5% of revenue from the TV license to film producing.
Bill is expected to be signed by the president in a few weeks.
