By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Petrobras announced that it is not renewing sponsorship contracts for thirteen large cultural projects around the country.

According to Petrobras, the budget for sponsoring the arts is smaller due to the company's resilience plan. As a result, audiovisual projects and projects in the performing arts which have already been completed will not be renewed.

The annual São Paulo International Film Festival, held every . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here