The executive committee of the 2008 Metropolitan Manila Film Festival (Philippines) has reset the deadline for the submission of scripts of film projects vying for eight slots in the annual December filmfest from May 16 to June 2. The filing fee for each entry increased from P10,000 to P20,000.
The extension of the deadline was approved since the launching of the filmfest was delayed as compared with last year.
As decided by the Execom, eight films which will be shown simultaneously starting from Christmas Day for this year’s MMFF-P.
MMDA Chairman Bayani Fernando had earlier sent letter-invitations to local film producers to submit their script entries to the 2008 MMFF-P and set a May 16 deadline. A total of 15 copies per script must be submitted to the MMDA secretariat on or before May 16. The May 16 deadline was reset to June 2, a Monday.
All entries and their P20,000 filing fees must be submitted on or before June 2 at the MMFF-P Secretariat, First Floor, MMDA Building, EDSA corner Orense St., Guadalupe, Makati City.
The Execom will be coming out with revised rules and regulations for the management and operation of the next MMFF-P in December.
In the 2007 MMFF-P, nine films were entered with six films opening on Christmas Day and the three others opening on January 1, 2008.
The last festival’s total gross failed to approximate the MMFF-P 2006 records by grossing just P380 million in its two-week run.
The total gross for 2007 was P380,241,286 with Metro Manila theaters accounting for P266 million and provincial cinemas for P114 million.
The total gross for 2006 was P414,506,353 with Metro Manila theaters accounting for P302 million while provincial gross totaled P111 million.
But the 2007 gross is still the second highest in the history of the 33-year-old MMFF-P. The 2005 filmfest grossed P351 million. In 2003, it was P326 million; 2002, P315 million; and 2004, P300 million.
MMFF-P officials opined that the possibility of hitting the P500 million mark will be achieved within the next three or four years or earlier if the film piracy problem will be solved as early as possible.
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