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Category: TAX INCENTIVE NEWS

In a bold move to reinvigorate Hollywood, California Governor Gavin Newsom is set to announce a historic expansion of the state’s film and TV tax credits program, increasing the annual budget from $330 million to a staggering $750 million. This expansion, which doubles down on California’s commitment to keeping Hollywood competitive, aims to counter a […]

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New Mexico’s filmography already reads like a who’s who of hit productions. Albuquerque, in particular, became a pop-culture landmark thanks to the smashing success of Breaking Bad and its critically acclaimed spin-off Better Call Saul. These beloved shows put New Mexico on the global map, showcasing the state’s potential to host long-running, high-quality television series. […]

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Australia has always been known for its jaw-dropping beauty and diverse landscapes, but its burgeoning film industry is providing a new reason as to why the land down under is garnering international acclaim. Screen Queensland, the official governmental agency dedicated to growing the production industry in the Australian state of Queensland, has been at the […]

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Louisiana has long been a top destination for film and TV production, thanks in large part to its robust Motion Picture Production Program (MPPP), which offers up to $180 million in tax credits annually. These incentives have been a driving force in attracting major productions to the state, making Louisiana a vital player in the […]

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Thanks to an ambitious strategy launched earlier this year, Screen Scotland has set a bold goal: to transform the country into a “centre of global production” by 2030. This plan, however, comes at a time when Scotland’s film and TV sector faces several significant challenges, including budget squeezes and a shortage of work for thousands […]

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Spain is undeniably having its moment in the global film and TV industry. The nation’s ongoing boom started with the launch of the Spain Audiovisual Hub in 2021, which brought a massive €1.6 billion ($1.73 billion) investment to the sector. This initiative is part of Spain’s strategy to attract international productions, enhance financial and tax […]

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As global TV and film production enters a new era, financing a project in 2024 has become more challenging than ever before. Buyers at major markets like Cannes’ MIPCOM may still be dazzled by premium content, but behind the scenes, assembling the final pieces of a production’s budget is like completing a complex jigsaw puzzle. […]

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Prague Studios is making a bold move to enhance its offerings with a major expansion project worth $10.8 million (CZK 250 million), aiming to transform an existing hall in the Letňany neighborhood into four cutting-edge film studios. Founder Tomáš Krejčí recently shared insights about this expansion, which is set to further position Prague as a […]

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The Abu Dhabi Film Commission (ADFC) is raising its film and TV cashback rebate from 30% to 35%, starting January 1, 2025. This move strengthens Abu Dhabi’s position in an increasingly competitive Middle Eastern market, particularly against Saudi Arabia, which introduced a 40% rebate in 2022. In an official statement, Mohamed Dobay, Acting Director General […]

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The UK film and television production landscape continues to expand, but not without challenges. The proposed $320 million (260 million EUR) Holyport Studios, which promises to be one of the largest production facilities in the country, has hit a roadblock after local councillors in Berkshire rejected the plan earlier this year, citing concerns over the […]

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