Ed Meza @edmezavar 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, chairman of trade association Film and Music Austria (FAMA), and managing director of Vienna and Luxembourg-based production company Amour Fou. “It really is a game-changer, a complete game-changer for our industry.” Austrian film commissioner Arie Bohrer, who has long-championed efforts for a strong incentive aimed at international co-productions, says FISA Plus will increase Austria’s competitiveness in Europe: “It’s definitely going to push the German business and the Western European business in co-productions.” It will also strengthen the position of Austrian producers, he adds. “In a co-production, they’ve got a stronger position — they’ve now got 35% in their hands, which gives them a good share of
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