![]() “The sector will be well above the 2019 figures and may increase little by little every year,” projects Fernando Victoria de Lecea, Profilm president and Spanish line producer of Wes Ander- son’s “Asteroid City.”Īn increase in visiting productions and length of stay will be more clearly perceived by year’s end, with longer than before stays of foreign film and TV projects teams. From 2017-22, the number of foreign productions tapping Spanish incentives rose from 23 to 100, their total tax relief rising from €16 million ($17.8 million) to €60.1 million ($66.7 million), according to Spain’s treasury.Įxpectations are high going for- ward despite an October-March slight pause in foreign shoots’ growth. The amount of money spent on international shoots nearly doubled in two years, climbing from $146.5 million in 2019 to $292.8 mil- lion in 2021, according to Profilm. “We are already one of the most financially competitive destinations,” says Fresco Film co-founder Peter Welter, Spanish line producer of “Game of Thrones,” “ House of the Dragon” and Netflix’s “Kaos.” ![]() 1, deduction rates in Basque Country’s Bizkaia reach up to 70% of spending on films and TV series, with no cap at all. ![]() Discounts for foreign productions on mainland Spain are set at 30% for the first $1.11 million of deductible expenses and 25% for the rest. ![]()
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