Launched in October, the rebate has received forty-one applications, four of which secured top tier 45% grants.
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Romania will soon have its first dedicated film incentive as the national Government have approved a 35% cash rebate model that will be available until 2020. An annual fund of EUR50 million has been earmarked for the incentive, which will allow Romania to become a far more competitive filming destination on the global production market.
Representatives from Saudi Arabia’s production industry have announced that a myriad of incentives, including a 35% rebate on expenses, are soon to be implemented. The announcement came during a press conference at the Cannes Film Festival designed to spark international interest in Saudi Arabia as a filming destination.
Cyprus will soon offer a dedicated film incentive programme after the national Government okayed plans for a 35% cash rebate on production expenses. The scheme will be managed by the Cyprus Investment Promotion Agency (CIPA), who will also serve as a point of contact for international producers hoping to film in Cyprus.
The small region of Navarra, located near the northern coast of Spain, is set to implement its own specialised tax incentive programme. Much like the Canary Islands before it, productions shooting on location will be able to access 35% in tax credits on the basis that they spend at least a week filming in the region.
Production company Iconoclast Germany and Austrian production service company Babelfish have filmed in Vienna for their latest commercial for the Mercedes c350e. The commercial features Formula One driver Lewis Hamilton as he races through the streets of Vienna before overtaking fellow Formula One driver Nico Rosberg.
Thirty-six international films shot on location in the UK in 2014, according to the British Film Institute. The shoots helped drive a 35% rise in overall production spending in the UK compared to the previous year. The new Star Wars movie was among the biggest films.
This winter is a cost-effective time to shoot in Norway as the Norwegian krone has fallen to its weakest position in more than a decade. One British pound now gives you 11.5 krone, up 35% from 8.5 krone two years ago.
Richard Branson’s Virgin Produced production company is staking a claim for the first film to be produced at 35,000 feet. Departure Date is a 30-minute romance with Virgin branding that was filmed over 20 hours on flights between Los Angeles, Forth Worth, Dallas, Sydney and London.
Although the UK box office is seeing record sales, GBP949.5 million was spent in 2008 which equates to a 5% increase on 2007, its production is certainly not.