A new series of economic incentives intended to give the domestic film industry a boost have been introduced in the UK. Producers will be eligible for direct subsidies of up to £4 million per picture, and “[p]roducers of films with budgets up to £20m will also receive a 50% tax waiver on their production costs, on condition that the film makes a profit.” The plan also protects producers against the possibility of money-losing films, offering 20% of production costs in the event that a film fails to make a profit.