Karlovy Vary weathers financial crisis

    Despite the financial crisis affecting budgets and advertising revenues across Europe, the Karlovy Vary International Film Festival (www.kviff.com) can count on sustaining its public and private support.

    According to Czech press reports, festival president Jiri Bartoska assured journalists that state sponsor remains constant at CZK30 million. The remainder of the festival's CZK130 million (said to be four times as much as the budget during the mid-1990's) is privately funded.

    The festival's industry profile is on the rise this year, according to festival director Krystof Mucha, with 800 industry-registered participants including 45 representatives of film distribution companies. Karlovy Vary festival runs July 3-11.

    Last modified on 30-10-2009