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Category: TAX INCENTIVE NEWS

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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Mexico is fast becoming a top destination for global film and television productions, attracting filmmakers with its vibrant culture, diverse landscapes, and cost-effective production resources. With a growing reputation as a competitive production hub, Mexico offers a dynamic blend of talent, locations, and affordability that continues to draw major projects to the region. Mexico already […]

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Hollywood continues to face significant production challenges, as reflected in the latest FilmLA report for Q3 2024. Shoot days in Los Angeles fell by 5% compared to the same period last year, marking the second-slowest summer on record, even below the strike-hit Q3 2023. Despite hopes for a recovery, the industry’s output remains well below […]

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Hungary has officially risen to the second most important film production center in Europe, right behind London. Thanks to its rapidly growing production infrastructure and attractive incentives, the country has become a preferred destination for major film and TV projects. In 2023 alone, film production spending in Hungary reached 835 million EUR ($880 million USD), […]

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