Media and Audio-Visual

HOWWE FUND BUSINESSES IN
MEDIA AND AUDIO-VISUAL

A Driving Force in the Development of a Sustainable Media and Audio-Visual Value Chain in South Africa.

 

The Media & Audio-Visual Strategic Business Unit (SBU) places a primary focus on producing locally relevant and internationally palatable content, with an emphasis on feature films, animation and TV series. The SBU also aims to close the financing gap, as well as cash-flow – the film rebate incentive. The objectives of the SBU include assisting in the following:

 

  • Production, post-production, and broadcast studios
  • The creation and acquisition of platforms across TV, radio, and digital media
  • The development of new or alternative distribution systems for content
  • The funding of gaming and interactive media
  • Projects or initiatives that support the more significant media industry along the value chain, such as equipment rental.

 

Driving the development of South Africa’s film industry, the IDC Media and Audio-Visual SBU aims to ensure that local filmmakers and producers can create compelling films and content that are commercially viable in local and international markets.

 

Other objectives include:

 

  • Promoting sustainable production of audio-visual content
  • Developing audiences, encouraging the local consumption of local film
  • Developing a competitive animation sector
  • Developing a competitive gaming and interactive media sector
  • Developing the media industry
  • Developing black industrialists within the broadcasting sector

 

By implementing a holistic approach that includes key players in the end-to-end production process, from concept to distribution, the IDC can realise a sustainable media and audio-visual industry with the capacity to contribute to the growth of South Africa’s economy.

HEAD: MAIJANG MPHERWANE

SBU-Contact-image

For enquiries, email: Mpho Maringa
Mphomar@idc.co.za

OUTCOMES

  • Promoting sustainable production of audio-visual content
  • Developing audiences, encouraging the local consumption of local film
  • Developing a competitive animation sector
  • Developing a competitive gaming and interactive media sector
  • Developing the media industry
  • Developing black industrialists within the broadcasting sector

APPLYING FOR FUNDING

Application for funding should be in writing; a comprehensive business plan including an executive summary and detailed financials.

 

 

Media Funding

 

  • Studios
  • Equipment
  • Broadcast
  • Digital media
  • Gaming
  • Other Media Projects

 

 

Applications for Content Production Funding

 

Applications for content production funding i.e. feature film, television series, are selected through the pitching process. The Media and Audio-Visual unit holds pitches every two weeks; applicants have 10 minutes to pitch and the presentation should include the information below

 

  • Synopsis of project and a brief overview of previous production experience.
  • Shareholding structure for both the SPV and Production Service Company, transformation and skills development plans.
  • The Finance Plan, total production budget, funding from other sources/investors as the IDC funds up to 49% of the total production budget
  • The Recoupment Plan with sales estimates from an independent distributor or sales agent, pre-sales for budgets over R10m.
  • Anticipated Timelines

 

To apply for content production funding, please fill in the Request Pitching Slot form below.

INVESTMENTS IN THE REST OF AFRICA

The project must be of direct benefit to South Africa in any of the following ways:

 

  • Must promote regional economic development with linkage to SA
  • Upstream / Downstream businesses within IDC value chains
  • Must develop and integrate regional value chains in line with IDC priority sectors
  • Must support the implementation efforts of the AFCFTA in order to entrench the development of regional VCs and a move away from a reliance on offshore supply chains
  • The minimum size of the total project funding requirement must be:
    • R5-million SACU-based investments
    • USD 3 million for SADC-based investments
    • USD10-million for investments in countries outside SADC
    • Rand, US Dollar and Euro-based funding are available.

REQUEST PITCHING SLOT

Please choose a timeslot

HOW TO

APPLY FOR FUNDING

Application for funding should be in writing and should include an executive summary and a business plan.

STEP 1

BUSINESS PLAN

Draw up a well-researched business plan, stating a compelling case for funding

STEP 2

REGISTER ONLINE

*Applications can also be submitted at the IDC office

STEP 3

UPLOAD APPLICATION

Upload your application with the relevant documents, certificates and business plan

STEP 4

PROCESS APPLICATION

IDC will confirm that it has received your application. While processing we may ask you to supply extra information or documentation

STEP 5

APPROVAL STATUS

IDC will give you feedback on the outcome of your application, in writing. If your application is successful, due diligence will be conducted on your business.

STEP 6

LOAN CONTRACT

Once the IDC has satisfied itself of your bona fides, you will be asked to sign a loan contract

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