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Austrian Parliament Approves New Film & TV Production Incentive – Deadline & More Trending News

 

The Austrian Parliament handed a package deal of legal guidelines on Thursday paving the best way for a 30% movie and TV manufacturing incentive, which additionally contains Europe’s first Green bonus in addition to additional money for productions with a excessive proportion of feminine heads of division.

The new regulation, which was introduced by the Culture Committee with the votes of each the governing events ÖVP and The Greens in addition to the opposition events SPÖand NEOS, will come into impact on January 1, 2023.

In one other key growth linked to the regulation, all codecs are eligible for the inducement, from options to TV, streaming and digital actuality and post-production.

“This decision is the most important step since the introduction of film funding in Austria 40 years ago,” stated Alexander Dumreicher-Ivanceanu, Chairman of Film & Music Austria, the commerce affiliation for the movie and music trade.

“The Parliament has set a decisive course for the sustainable strengthening of the domestic film, sound and music location with the ‘Green Bonus’ for environmentally friendly production, the bonus for productions with a high participation of women in head departments, and the expansion to all forms of exploitation,” he added

Dumreicher-Ivanceanu, who can also be a co-founder and managing director of Amour Fou, the Vienna and Luxembourg-based manufacturing home behind current options equivalent to Berlinale 2022 title The Forger, Hinterland and Why Not You, has a been a driving drive behind the laws.

Georg Tomandl, FAMA Deputy Chairman stated the actual fact the brand new incentive was open to all codecs was a “real gamechanger”

“Work continues on the new funding guidelines, so they can also come into effect on time on January 1, 2023,” he stated,

Under the brand new incentive mannequin, there might be a primary grant of 30%, with a 5% inexperienced filming bonus. There may also be a bonus of €25,000 for tasks with a excessive variety of feminine heads of division.

Maximum funding per venture for worldwide productions is €5m for movie and €7.5m for collection. Minimum spend in Austria is €150,000 for a fiction work, €80,000 for a documentary and €25,000 for animation, VFX and post-production. The incentive may be accessed through an Austrian manufacturing service nation.

For Austrian TV and streaming productions, accessed by an unbiased Austrian manufacturing firm most funding caps are the identical, whereas minimal spend in Austria is 150,000 and the minimal budgets for a characteristic is €1.8m and €600,000 per episode for a collection. This d

There might be a presentation of the manufacturing incentive by FAMA and commerce promotion physique Advantage Austria on the CIMIx enterprise convention in Vienna on January 12 and 13.

“In panels and sessions, top representatives from politics, the film and music sector, and media and funding institutions will present the details of the new film funding models and be available for discussion,” Dumreicher-Ivanceanu and Tomandl.

Austrian Parliament Approves New Film & TV Production Incentive – Deadline

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Austrian Parliament Approves New Film & TV Production Incentive – Deadline

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Austrian Parliament Approves New Film & TV Production Incentive – Deadline

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