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Press Release: Changing Realities in Financing: Will Bring Film, TV Industry Leaders to International Summit

May-20-2003

Area Entertainment

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..."Another event chairman and speaker,David Zitzerman, entertainment law partner with Toronto-based Goodmans LLP, says the industry suffered from reduced European financing last year. England and France now are making their own movies rather than importing them, and German tax law changes and high-profile bankruptcies have reduced funding appetites.. "In Canada the dollar has risen steadily against falling US currency, but local production services tax credits have recently increased.”

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