UK production spend down by 35%
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.
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.
A report produced by Oxford Economics indicates that the UK's film tax credit system is having a negative effect on co-productions and actvities overseas.
While fears of an impending SAG strike in the USA and the global credit crunch may be slowing the number of big budget fillms going into production, there are signs that the commercial industry is having a slightly better time.
Members of the Florida film industry are lobbying the State Legislature to pass a bill to restore the competitiveness of the state's incentives.
The French parliament has voted to create a 20% tax break for foreign television and movie productions shooting in France.
Berlin's rise to prominence as a centre for film and the arts continues to gather speed. Despite a difficult economic environment, it is attracting high profile filmmakers and Hollywood actors. Among recent visitors is Quentin Tarantino who has been spotted in
Ohio lawmakers have approved a bill which would grant a 25% tax credit on total investments made in Ohio by film companies. The credits would be transferable from shoot to shoot, but would be capped at USD100 million.