The Film Development Council of the Philippines (FDCP) has extended a P800,000 financial contribution to the Film Academy of the Philippines for its 29th Luna Awards scheduled in the first quarter of the new year.
In a letter addressed to FAP Director General Leo G. Martinez dated December 17, 2010, FDCP Chairman Briccio G. Santos committed the said amount for the 29th Luna Awards, specifically to cover printing and rental expenses, as well as the honoraria for citers, nominators and voters.
The Academy will resume giving out awards for distinguished achievements in local films after a two-year hiatus.
Due to financial problems brought about by the big slash in the Academy’s share in the annual Metropolitan Manila Film Festival (Philippines) amusement tax rebate, the 27th Luna awards (for films shown in 2008) and 28th Luna Awards (for films shown in 2009) were not staged.
Winners for the 27th Luna Awards were, however, already decided by the Academy voters but are still kept confidential with the FAP’s accounting agency. The winners will receive their trophies before the staging of the 29th Luna Awards.
The last awards held by the Academy was the 26th Luna Awards (for films shown in 2007) which was held at the Mandarin Oriental Suites of the Gateway Mall in Cubao, Quezon City on February 8, 2009 with the financial assistance of the FDCP, under then Chairman Rolando S. Atienza.
DG Martinez said that with the increase to 20 percent of FAP’s share in the amusement tax rebate during the last Metropolitan Manila Film Festival-Philippines, budgetary requirements for the annual awards will again be assured.
Your FEEDBACK can be posted at www.filmacademyphil.org/forum/