New Incentive Model for Austria as a Film Location
Table of Contents
- Austria’s New Incentive Model for Film Locations: An Interview with Industry Expert
Austria has introduced a new incentive model aimed at strengthening its position as a film location.Teh changes include the resolution on the Film Location Act,amendments to the Film Subsidies Act,and the KommAustria Act.Thes updates are designed to ensure lasting growth and attract more film productions to the country. The new incentive system will come into effect on January 1st, 2023.
Austrian Producers Welcome Financial Boost for Film and TV Incentive Schemes
The Austrian Film Institute (ÖFI) has launched the ÖFI+ scheme, which extends its funding portfolio to support national Austrian productions and co-productions.this initiative has been welcomed by producers as it provides a important financial boost to the film and TV industry in Austria.
Austria’s New Film and TV Incentive Schemes Fuel Growth
The new film and TV incentive schemes in Austria are expected to double the financing for cinema projects by June. the Austrian Film Institute anticipates that the total ÖFI+ financing for cinema projects, which was €17 million by June, will see significant growth. This growth is attributed to the increased support for both local and international productions.
Statements from Industry Leaders
Alexander Dumricher-JIVACT, Chair of the film and music association, highlighted the importance of these incentives. He noted that the security provided by these measures is crucial for making movie projects feasible.The changes, which were decided in 2022, aim to enhance Austria’s appeal as an international film location.Dumricher-JIVACT also mentioned that the request for the Ministry of Economic Affairs and Finance is now being processed to release the necessary funds. This move is part of the government’s strategy to support the film industry and create employment opportunities. The aim is to open up more funding possibilities and support the creative industries.
The Austrian production companies are recognized for their high-quality work and their contribution to the cultural and creative sectors. The government’s support is expected to further boost the industry, confirming its role as a dynamic business and employment engine.
Conclusion
The new incentive model and financial boost for the film and TV industry in austria are set to strengthen the country’s position as a prime film location. With increased funding and support, the industry is poised for significant growth and will continue to contribute to the cultural and economic landscape of Austria.
Austria’s New Incentive Model for Film Locations: An Interview with Industry Expert
Austria has recently introduced a new incentive model designed to bolster its standing as a prime film location. The updates include resolutions on the Film Location Act, amendments to the Film Subsidies Act, and changes to the KommAustria Act. These updates are meant to support lasting growth and attract more film productions to the country, with the new scheme set to come into effect on January 1st, 2023.
New Incentive Model for Austria as a Film Location
Senior Editor:
Senior Editor: Could you start by giving us an overview of the new incentive model introduced by the Austrian government?
Teresa Klein:
Teresa Klein: Sure. The new incentive model is designed to strengthen Austria’s position as an attractive film location.The changes include resolutions on the Film Location Act, amendments to the Film Subsidies Act, and modifications to the KommAustria Act. these updates collectively aim to foster lasting industry growth and attract more national and international film productions.
Austrian producers Welcome Financial Boost for Film and TV incentive Schemes
Senior Editor:
Senior Editor: How has the industry reacted to the Austrian Film Institute (ÖFI) launching the ÖFI+ scheme?
teresa Klein:
Teresa Klein: the Austrian producers have welcomed the ÖFI+ scheme enthusiastically. This initiative extends the funding portfolio to support both national Austrian productions and co-productions, providing a ample financial boost to the film and TV industry. This new support system is crucial for making more film projects feasible and enhancing the industry’s landscape.
Austria’s New Film and TV Incentive Schemes Fuel Growth
Senior Editor:
Senior Editor: Can you talk about the expected growth fueled by these new schemes?
Teresa Klein:
Teresa Klein: The new film and TV incentive schemes in Austria are anticipated to double the financing for cinema projects by June. According to the Austrian Film Institute, the total ÖFI+ financing for cinema projects, which was approximately €17 million by June, is expected to see significant growth. This growth is attributed to the increased support for both local and international productions, fostering a more vibrant and productive film ecosystem.
Statements from Industry Leaders
Senior Editor:
Senior Editor: Alexander Dumricher-JIVACT mentioned the importance of these incentives. What were his key points?
Teresa Klein:
Teresa Klein: Alexander Dumricher-JIVACT highlighted that the incentives provide crucial financial security for movie projects,making them feasible. He also noted that the changes decided in 2022 aim to enhance Austria’s appeal as an international film location. Furthermore, he mentioned that the request to the Ministry of Economic Affairs and Finance to release the necessary funds is currently being processed. This initiative is part of the government’s strategy to support the film industry and create employment opportunities, thereby supporting the creative industries.
Conclusion
The new incentive model and financial boost for Austria’s film and TV industry are poised to rank the country as a prime location. With increased funding and support, the industry is set for significant growth and will continue to contribute to the cultural and economic landscape of Austria.
