Chile's audiovisual fund to fall 64% to $208,000 in 2027

Chile's Audiovisual Investment Support Fund will fall 64% from about $586,000 (540 million pesos) in 2026 to $208,000 (192 million pesos) in 2027, Variety reported. The Ministry of Culture faces a 9% overall budget cut in 2027, Variety reported. Less public money means tougher financing for crews behind the next slate.