The law came into effect this week, designed to make Russia a filmmaking hub.
Amid signs of a new, Glasnost-like desire to engage with the international industry, Russia has launched a 40% cash rebate for foreign film productions.
The rebate, signed into law earlier this week by prime minister Dmitry Medvedev, will be available immediately with around $1m allocated for the incentive this year, $11.7m for 2020 and $23.5m for 2021.
Russian producers have already received requests from foreign partners to provide production services and come aboard international projects as co-production partners.
“The launch of the rebates will allow the Russian film industry...
Amid signs of a new, Glasnost-like desire to engage with the international industry, Russia has launched a 40% cash rebate for foreign film productions.
The rebate, signed into law earlier this week by prime minister Dmitry Medvedev, will be available immediately with around $1m allocated for the incentive this year, $11.7m for 2020 and $23.5m for 2021.
Russian producers have already received requests from foreign partners to provide production services and come aboard international projects as co-production partners.
“The launch of the rebates will allow the Russian film industry...
- 11/9/2019
- by 57¦Geoffrey Macnab¦41¦
- ScreenDaily
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