A favorite habit of film fans is to visit the original locations they saw on screen.Continue reading
Government Commissioner for the Development of the Hungarian Film Industry Csaba Káel announced in Los Angeles that the incentive program for film and series production – the 30 percent tax incentive – will be extended until 2030. According to the Hungarian Film Commission, annual film production spending in the country has reached USD 910 million.
The 30 percent tax incentive for film and series production has been extended for another six years in Hungary. The announcement was made on Monday by Csaba Káel in Los Angeles at the Made in Hungary event, celebrating productions shot in Hungary. The incentive will now last until 2030, Deadline reported.
Hungary has become a favorite location for Hollywood productions in recent years, thanks to a generous program and experienced film crews.
The program provides a 30 percent rebate for film and TV series projects shot in Hungary based on expenditure in the country. The initiative is part of the country’s film support program. Financial support is provided in the form of cash reimbursement after financing.
Recent international productions filmed in Hungary include Alien: Romulus, The Brutalist, Dune: Prophecy, NBC’s The Day of the Jackal, Pablo Larrain’s Maria, FBI: International, NCIS, and the Now You See Me series.
“It is incredible that we produce around 100 international productions a year – from breathtaking feature films and miniseries from the biggest Hollywood studios to indie, intimate dramas and innovative commercials,” noted Mr. Káel at the event. “We are excited to continue working with international partners to tell our shared stories on any screen. This extension will allow us to build on our success and deepen our commitment to taking the Hungarian film industry to a whole new level,” he added.
The Hungarian program, originally launched in 2004, was one of the first such initiatives in Central Europe and was due to expire at the end of 2024.
According to the Hungarian Film Commission, annual film production spending in the country reached USD 910 million.
Via Deadline; Featured image via MTI/Czeglédi Zsolt