Film Production Spending in Hungary Reaches HUF 110 Bn in 2018
MTI-Hungary Today 2019.03.12.
Spending on film productions in Hungary reached 110.1 billion forints (EUR 349m) last year, data from Hungary’s National Media and Infocommunications Authority (NMHH) show. The spending was up from 108.2 billion forints (EUR 342.5m) in 2017, but didn’t match the 125.4 billion forints (EUR 397m) in 2016.
About 84 percent of the spending last year was by foreign filmmakers.
A total of 333 films were made in Hungary in 2018, including 245 Hungarian films, 84 foreign films and four co-productions. Among the biggest foreign productions were the latest instalment of the Terminator franchise, starring Arnold Schwarzenegger and Linda Hamilton, with a budget of 16.9 billion forints (EUR 53.5m).
NMHH noted that the tax rebate on film production was raised from 25 percent to 30 percent last year.