With two new funding programs that could cover as much as 60 of costs for international feature film productions and the new state-of-the-art HQ7 Studios set to open in Vienna next year, Austria is stepping up its game in the film and TV sector in a major way.
Approved by the government last year and in effect since Jan. 1, the Fisa Plus incentive provides funding for international and domestic films and series, including TV and streaming production. The subsidy, which is not capped, also covers documentaries, animation, virtual reality projects and post-production services, including sound, music and VFX.
Specifically, Fisa Plus offers a 30 rebate plus an additional 5 “green bonus” for productions that follow environmental sustainability criteria, with maximum funding set at €5 million (5.4 million) per film and 8.2 million per series.
“It’s the biggest revolution in Austria’s film financing system since 1980, when the film funding system was introduced,” says Alexander Dumreicher-Ivanceanu,...
Approved by the government last year and in effect since Jan. 1, the Fisa Plus incentive provides funding for international and domestic films and series, including TV and streaming production. The subsidy, which is not capped, also covers documentaries, animation, virtual reality projects and post-production services, including sound, music and VFX.
Specifically, Fisa Plus offers a 30 rebate plus an additional 5 “green bonus” for productions that follow environmental sustainability criteria, with maximum funding set at €5 million (5.4 million) per film and 8.2 million per series.
“It’s the biggest revolution in Austria’s film financing system since 1980, when the film funding system was introduced,” says Alexander Dumreicher-Ivanceanu,...
- 2/18/2023
- by Ed Meza
- Variety Film + TV
The U.K.’s British Film Commission and Film in Austria, the national film commission for Austria, have struck a Memorandum of Understanding (MoU) paving the way for more film and high-end TV production between the two territories.
New film and TV production incentives were introduced in Austria last month, including Europe’s first “green” filming bonus. Meanwhile, in the U.K., statistics released in February revealed that investment into film and high-end television during 2022 reached a record height of £6.27 billion (7.72 billion).
Through the MoU, which will be signed in Berlin on Sunday, the Bfc and Film in Austria say they seeks to “encourage greater cultural, commercial and creative exchange between the U.K. and Austria whilst actively working together to foster opportunities to support inward investment film and high-end TV production in both countries.”
Productions previously filmed across both jurisdictions include “The Witcher” (Netflix), “Mission: Impossible — Rogue Nation” (Paramount...
New film and TV production incentives were introduced in Austria last month, including Europe’s first “green” filming bonus. Meanwhile, in the U.K., statistics released in February revealed that investment into film and high-end television during 2022 reached a record height of £6.27 billion (7.72 billion).
Through the MoU, which will be signed in Berlin on Sunday, the Bfc and Film in Austria say they seeks to “encourage greater cultural, commercial and creative exchange between the U.K. and Austria whilst actively working together to foster opportunities to support inward investment film and high-end TV production in both countries.”
Productions previously filmed across both jurisdictions include “The Witcher” (Netflix), “Mission: Impossible — Rogue Nation” (Paramount...
- 2/18/2023
- by Manori Ravindran
- Variety Film + TV
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