Netflix invests R14 million to fund ‘micro’ movies in South Africa

Netflix and the National Film and Video Foundation (NFVF) have announced a new partnership aimed at funding the production of South African “micro-budget” feature films.

The agreement will see both partners contributing R14 million each in support of the production of local films, which will include exclusive debuts on Netflix.

The partnership will see 6 local films funded, categorised into two streams: four feature films with a budget of R4 million each, and two feature films with a budget of R6 million each.

  • Stream 1: Four Feature Films by emerging filmmakers capped at R4,000,000;
  • Stream 2: Fictional Feature Films by established filmmakers capped at R6,000,000.

The NFVF said that the funding for the films will alleviate the pressure filmmakers face to raise additional funding and boost recovery of the creative industry from the pandemic, whilst ensuring job creation.

All six films created from this fund will premiere on Netflix first.

“The past year has been incredibly difficult with the pandemic hitting so many industries around the world.

“The creative community, that we are a part of, has supported us through the good times so we want to help them continue to create the stories our members love through the $1 million Covid Relief Fund contribution we started last year in collaboration with SASFED and IPO to help below-the-line workers in South Africa’s creative industry.

“Now, we’re excited to take this a step further with this joint fund with NFVF for above-the-line talent,” said Netflix’s director of Content in Africa, Ben Amadasun.

The NFVF announced that the submission portal for funding will go live on 1 April 2021.

“We encourage all filmmakers in accordance with the eligibility criteria to apply by visiting from the 1st of April 2021,” the organisation said.

Read: Multichoice supports calls for a household ‘TV tax’ in South Africa

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Netflix invests R14 million to fund ‘micro’ movies in South Africa