Major international productions have been bypassing the Czech Republic for the past year — but local producers and lawmakers have a plan to win such players back, they announced at the Karlov…
for the past year — but local producers and lawmakers have a plan to win such players back, they announced at the Karlovy Vary Film Festival this week.
The Czech Republic has offered competitive 20% rebates — with a $6.8 million cap per project — as incentives for major productions for a decade now. The system has been heralded as the key to staying competitive in a part of Europe that’s highly in demand for big-budget shoots by the likes of Amazon, Netflix and the Hollywood majors.
In addition, media organizations including cinemas, broadcasters, satellite content providers and streamers will all contribute 2% of sales in the Czech Republic into the Czech Film Fund under the plan. That will subsidize film productions and the system will also begin to support TV productions and video game creation, bringing it into the modern age, says Slajer.Czech industry figures are praising the new deal as a possible answer to an incentives system they’ve called overcomplicated.
The Czech government will provide matching funds based on the players’ 2% contribution, Slajer says, which is significant. Ideally, the new system will take effect in 2025, says Slajer. In the meantime, system administrators have agreed to streamline things where they can to help tempt back major productions.
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