In the last week of May 2012, film producers and companies already submitted their scripts in participation with the festival.

Mga Kwento ni Lola Basyang was one of the eight entries chosen, but the producer sent a letter to MMDA to pull out of the film festival.

[16] This year, the MMFF will continue the tradition of supporting independent films through a bigger, better and bolder New Wave Section.

The 38th Metro Manila Film Festival Awards Night was held at the Meralco Theater in Ortigas Center, Pasig on December 27, 2012.

The Metropolitan Manila Development Authority was criticized for only releasing the official earnings of the Top 4 films in the days leading up to the festival's conclusion.