Dublin International Film Festival lost nearly €100,000 last year

Losses more than quadrupled for the final year under Jameson sponsorship...

The Dublin International Film Festival (DIFF) suffered significant losses last year, more than quadrupling the deficit it posted in 2014.

According to accounts obtained by the Irish Times, DIFF saw its deficit for the 12 months to the end of August rise to €95,922, up substantially from the €20,041 posted a year earlier.

Its turnover dropped slightly from €764,654 to €762,744.

Organisers received €335,000 in sponsorship and €100,000 in Arts Council grants. Meanwhile, box office and advertising brought in €217,383, a drop of almost €20,000 on the 2014 edition. Patrons, conference and other related income did, however, rise from €29,272 to €42,361.

The globally-recognised event took place in March of that year, a month later than usual. It also marked the final year it was known as the "Jameson Dublin International Film Festival" as the drink brand, which had sponsored the event since its inception, bowed out.

Audi signed a three-year deal with DIFF last December to become the lead sponsor from 2016 onwards and the festival returned to its traditional February spot earlier this year.

In a note, the organisation said:

"The directors have appropriate plans and strategies in place to fund the company into the future."