The Money’s Gone. The Industry’s Collapsing. And Nobody’s Talking.

For the past ten months, the complete shutdown of funding for film and television productions—whether already in progress or still in pre-production—by EKOME/Creative Greece has thrown the industry into a downward spiral. Add to that the endless delays in launching the new application platform for the Cash Back program, and what do we have? Chaos.

This platform was supposed to go live on October 1, 2024—officially. But here we are, creeping into February 2025, and nothing. And the kicker? The Ministry of Culture and Creative Greece have made it abundantly clear: they won’t approve or pay for anything—at least until June 2025.

The consequences? Dead projects. Abandoned productions. A mass exodus of international co-productions—Italy, Malta, Bulgaria are now the go-to locations. Greece? A joke. Films waiting for pre-approval? Films wrapped for over a year? There’s no money to pay for them. None. Zero.

And let’s talk about those big Hollywood productions.
Why did Christopher Nolan’s Odyssey shoot in Morocco and Malta?
Why is Mel Gibson’s The Passion sequel being filmed in Malta?
They could have been shot in Greece. They should have been shot in Greece.

But everyone in the business already knows: EKOME/Creative Greece doesn’t pay. And why isn’t the CEO Leonidas Christopoulos and his Board of Directors addressing this? Why aren’t they answering for the missing funds?

The truth is the treasury is empty. More than 150 million euros missing.

And let’s be real: you can’t have a film industry without money. Throwing a few 5,000 and 10,000 euro sponsorships at festivals while there’s a 150 million euro black hole is like tossing a bucket of water on a burning skyscraper.

Forty percent. That’s the magic number when you compare Greece and Malta. Both playing the same game, both dangling that lucrative rebate, hoping to lure the big productions, the Hollywood dollars, the European auteurs. But numbers on paper don’t tell the whole story—what matters is how fast and how clean that money flows.

Here’s where Malta shakes things up. They open the gates. Feature films, TV dramas, animation—sure. But they go further. Reality shows, game shows, the unscripted circus of modern entertainment. Greece? Not interested. They keep it classical, highbrow, no room for the unscripted chaos of reality TV.

The price of entry. In Greece, you need to lay down €200,000 for a feature film before you even step into the ring. Malta? They cut that number in half—€100,000. The message is clear: smaller productions, indies, risk-takers—come here. We’ve got space for you.

And the result? Greece is bleeding talent. The dreamers, the creators, the visionaries—they’re all leaving.

They’re taking their stories to Malta, to Bulgaria, to Italy—anywhere but here. Because you can’t build an industry on broken promises.

While Malta rolls out the red carpet, Greece lets its own filmmakers rot in limbo. And with every delay, with every unanswered call, the world takes notice.

The studios? They’ve moved on. The investors? Gone. And the local industry? Dismantled, piece by piece, by bureaucratic indifference.

This isn’t just a crisis. This is cultural suicide.

And yet – silence.

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