Brazil is back.
Brazilian President’s Lula Inácio Lula da Silva’s new government, which took office on Jan. 1, looks set to invest just under $1 billion in 2023 into the country’s audiovisual sector.
It’s one of the biggest upticks in government film and TV aid in history, and comes after Lula predecessor Jair Bolsonoro slowed state aid to a glacial pace. The new financial injection should turn Brazil into the film and TV powerhouse of Latin America.
Source: Brazil Under Lula Injects Nearly $1 Billion into Film, TV, Video Games – Variety