Canary Islands film subsidies drive international co-productions

The Canary Islands are seeing increased international visibility in the film industry through minority co-production subsidies. Under the Canary Islands Film program, local companies are gaining participation in major international projects, such as the Philippine film ‘Magallanes’, which was presented at Cannes and is a potential candidate for the 2026 Oscars.

This co-production model allows local producers to participate in the intellectual property and economic rights of larger works, helping them gain international positioning. For 2026, the government has allocated 2.925 million euros across three subsidy lines, with one million euros specifically dedicated to minority co-productions.

In addition to these co-production models, the archipelago also attracts major productions through location filming, such as Rodrigo Sorogoyen’s ‘El ser querido’, which utilized Fuerteventura as a filming location.