Spain has proved ever more successful in luring some of the biggest movies and series, and although 2020 saw a large rise in tax breaks, the big hike came in December. New record tax advantages raised relief for international productions to up to €20 million (21.4 million) per movie and 10.7 million for any single series episode.
In the Canary Islands — operating a special tax regime — the film tax break ceiling is now an extraordinary 38.6 million, one of the highest in Europe.
Effective Jan. 1, deduction rates for foreign productions are set at 30 for the first 1.1 million of deductible expenses and 25 for the rest in the Peninsula, and 50- 45 in the Canaries.
“The hike has solved a problem that prevented the capture of big productions,” says Carlos Rosado, president of the Spain Film Commission, a network of 41 film commissions and offices.
“The measures will undoubtedly serve to attract larger-scale projects,” adds Fernando Victoria de Lecea,...
In the Canary Islands — operating a special tax regime — the film tax break ceiling is now an extraordinary 38.6 million, one of the highest in Europe.
Effective Jan. 1, deduction rates for foreign productions are set at 30 for the first 1.1 million of deductible expenses and 25 for the rest in the Peninsula, and 50- 45 in the Canaries.
“The hike has solved a problem that prevented the capture of big productions,” says Carlos Rosado, president of the Spain Film Commission, a network of 41 film commissions and offices.
“The measures will undoubtedly serve to attract larger-scale projects,” adds Fernando Victoria de Lecea,...
- 2/17/2023
- by Emiliano De Pablos
- Variety Film + TV
Madrid — Bambú Producciones, a key driving force behind the international boom in Spanish TV fiction, is entering into a phase of business expansion, tapping showrunners Josep Cister and Diego Sotelo and boosting film production brand Mr. Fields & Friends Cinema.
Founded in 2007 by Ramón Campos and Teresa Fernández-Valdés, and minority owned by Studiocanal, Bambú has produced a large list of high-profile TV dramas led by “Gran Hotel” and “Velvet,” whose success, especially in Latin America, proved that, for the first time ever, there was a mass audience abroad for original Spanish series.
“We are at a time when, given the market demand for Bambú content, we have decided to grow, incorporating names as important as Cister and Sotelo,” Campos told Variety.
A former TV fiction director at Lagardère’s Boomerang TV in Spain, Cister has been responsible for series such as “Old Bridge’s Secret,” “The Time In Between,” “Acacias 38” and “Presumed Guilty.
Founded in 2007 by Ramón Campos and Teresa Fernández-Valdés, and minority owned by Studiocanal, Bambú has produced a large list of high-profile TV dramas led by “Gran Hotel” and “Velvet,” whose success, especially in Latin America, proved that, for the first time ever, there was a mass audience abroad for original Spanish series.
“We are at a time when, given the market demand for Bambú content, we have decided to grow, incorporating names as important as Cister and Sotelo,” Campos told Variety.
A former TV fiction director at Lagardère’s Boomerang TV in Spain, Cister has been responsible for series such as “Old Bridge’s Secret,” “The Time In Between,” “Acacias 38” and “Presumed Guilty.
- 11/1/2019
- by Emiliano De Pablos
- Variety Film + TV
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