Philippines Revamps International Co-Production Fund With Minority and Majority Tracks at Busan Market

Variety Entertainment•Published: Oct 11, 2026 06:25 AM IST

The Philippines has officially revamped its International Co-Production Fund (ICOF) to feature two distinct tracks, tying funding amounts directly to the scale of the Filipino stake in each project. The Film Philippines Office (FPO) introduced this updated framework during the Asian Contents & Film Market at the Busan International Film Festival.

Majority Track Funding: The Majority Track offers up to $210,000 for Philippine-led feature films and includes special financial bonuses for partnerships involving ASEAN nations.
Minority Track Structure: The framework accommodates minority co-production projects, ensuring a balanced approach to international collaboration and funding distribution.
Strategic Unveiling: The comprehensive updates were publicly presented by the Film Philippines Office to international industry professionals at a major regional market.

The Context & Background

This strategic policy revision aims to bolster the country's cinematic presence globally by fostering deeper regional alliances and encouraging international filmmakers to collaborate with Philippine production talent.

Why it matters:This funding overhaul strengthens the Philippines' position as a key hub for international cinema collaborations. By offering targeted financial incentives and structuring support around regional partnerships, the country aims to attract more global filmmakers and elevate local storytelling onto the world stage.

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