The U.K. government of Conservative Party leader Rishi Sunak unveiled a 40 percent corporate tax relief for film and TV studio facilities until 2034 on Wednesday, introduced a new independent film incentive of 40 percent and announced an increase to an existing incentive for visual effects. The moves earned praise from entertainment industry leaders who […]
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The proposal to build a movie studio in Summerlin Nevada is moving forward. Located on the western edge of the Las Vegas valley, Summerlin is a master-planned community that offers a variety of luxurious amenities, including multiple golf courses, community centers, an extensive trail system and over 250 parks. In recent months site plans and renderings […]
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Since powerful tax breaks started in 2023, filming activity in Bilbao and Bizkaia, a city and province in northern Spain, has skyrocketed. Introduced on Jan. 1, 2023, the new incentives offer an up-to-60% tax deduction for national and international co-productions of film and TV projects. Enticing studios such as Toboggan and production houses Buendía Estudios […]
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Even now, 25 years after The Sopranos, Hollywood projects continue flocking to New Jersey. And just last week, Netflix received a key approval to move forward on a production complex in Fort Monmouth, NJ. And good things come in two’s as an Essex County town is also venturing to capitalize on the moment. On February […]
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Ghana‘s fast-developing film sector has received a significant vote of confidence from the country’s government as President Nana Akufo-Addo sets plans to introduce a new tax rebate system for film productions. As part of the new law, the country will offer a 20% tax rebate for strategic film productions alongside a series of film financing […]
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Rock Island-based Fresh Films is getting a $3.8-million state of Illinois grant to build a new $12-million production studio and sound stages in Rock Island County. There were 15 applicants for the grants (from the Illinois Department of Commerce and Economic Opportunity), and the Fresh Films grant scored the highest. Just three recipients were named Wednesday […]
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The upcoming Lucasfilm theatrical release “The Mandalorian & Grogu” is one of 15 films to secure an estimated $61 million in 2024 production tax incentives through California’s Film and Television Tax Credit Program. The California Film Commission touted Disney’s “Mandalorian & Grogu” as the biggest-budget movie to ever qualify for state’s tax program, which distributes $330 million […]
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MADISON, Wis. (CBS 58) — You don’t typically think of Wisconsin as a hotbed for movie making, but that could change under a bill that would offer incentives to the production industry. Under the proposal, film and tv production companies could receive up to $5 million a year in tax credits. Wisconsin is one of five […]
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Netflix’s plans to build a $903 million production studio complex at the former Fort Monmouth army base got a key approval from a local board Tuesday. The Fort Monmouth Economic Revitalization Authority board, the governing body that oversees the fort, unanimously approved an amendment to establish zoning for the massive project. The vote allows the streaming service […]
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Beginning in March, Japan will open the first round of film and TV production funding under its previously-teased location incentive scheme. The scheme offers reimbursement of up to 50% of qualifying expenditure in Japan, with an upper limit of JPY1 billion ($6.66 million) on each disbursement. Targeting larger-scale productions, the scheme is open to: film, TV or […]
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