On Sunday, the 67th annual showing of the Berlinale, one of Europe’s quirkiest, biggest film festivals, closes with a flourish, topped by the award of its famous Golden Bear for best film.
Over 10 days, this year’s event is expected to draw more than 500,000 visitors, pull in about €2.6 million in ticket sales, €6 million from corporate sponsors and its biggest chunk, more than €8 million, from governments.
While other film festivals fight for survival, the financial bottom line at the Berlinale, which is supported by the German government, the European Commission and local governments, appears assured.
The event’s budget this year was €24 million – 50 percent more than 15 years ago. As in the past, the non-profit gala event will dutifully spend exactly as much money as it pulls in.