Tax

Sumerian has acquired the North American rights to brutal coming-of-age story “Mascot,” which had its world premiere in January at Slamdance, and its international premiere at the International Film Festival Rotterdam the same month. Sumerian is planning a limited theatrical release this year under the English title “Fortunate Son.” The…

In a highly anticipated animation event at this year’s Cannes Festival, Emmy-winning Spanish director Rodrigo Blaas attends on Sunday the screening of his short film “Sith,” part of Disney+’s “Star Wars: Visions” Season 2 anthology. The first big-screen exhibition of “Sith” — released worldwide May 4 on Disney+ — followed…

Big changes are afoot in Peru, thanks to Paramount’s mega-budgeted “Transformers: Rise of the Beasts,” which shot there in 2021, literally saving hundreds of jobs badly hit by a six-month pan- demic lockdown. With street protests now a distant memory, talks are underway to address concerns that will make Peru…

Paris-based company Indie Sales has closed further sales on “Richard the Stork 2,” and expects to sell the last remaining territories during the Cannes Film Market. The film, also known as “Richard the Stork and the Mystery of the Great Jewel,” is a follow up to “Richard the Stork” (released…

Spain’s status as Cannes’ Marché du Film’s Country of Honor is a “milestone,” says María Peña, CEO of ICEX Spain Trade & Investment. But it’s also a mark of recognition, she says, after Spain’s big wins just this year at the Berlinale (three prizes for Estibaliz Urresola’s “20,000 Species of…

With a Ukrainian cinema union issuing a strident call on Thursday for participants of the Cannes Film Market to halt all business with Russia rather than support “terrorism,” industry professionals are again weighing the moral cost of working in the country against the financial upside of releasing films in the…

Bizkaia is seeing a boom in production with freshly implemented tax incentives luring industry leaders from Europe and abroad to the region for ever-more-ambitious audiovisual projects.  The incentives, which kicked off Jan. 1, offer an up-to-70% deduction tax break for national and international co-productions of film and TV projects, with…

Saudi Arabia is flying the flag at the Cannes Film Festival where the kingdom’s Cultural Development Fund officially unveiled two separate film sector funds worth a total of $180 million aimed at fostering the local film industry and attracting international industry players. At a breakfast event titled “A Billion Dollar…

Bolstered by robust public-sector funds, a savvy new generation of filmmakers — many of them women — and world-class film schools, Catalonia has become one of Europe’s most vibrant regional audiovisual forces. The proof can be found at this year’s Cannes Film Festival. More than 50 Catalan companies — some…

Argentine production company StoryLab and Latin American group Cimarrón have teamed up to jointly co-produce TV series and feature films for the international market over the next three years. The agreement includes development, production of both existing formats and original projects, including both scripted and non-scripted series as well as…

Arguably, no other established Spanish film and TV industry has grown faster over the last decade than its service sector for international shoots. Some of the world’s most favorable tax incentives have helped propel business to historic heights. Kicking off in 2015, tax regs rose muscularly during mid-pandemic in 2020.…

In April 2018, Netflix announced that Spanish heist thriller “Money Heist” (“La Casa de Papel”) had become the U.S. streaming service’s most-watched non-English series ever. With a Spanish series crowned as the first foreign-language blockbuster at the company that has transformed entertainment worldwide, Spain’s expansion — long nurtured by hits…