De Madrid al Cielo: New Madrid Audiovisual Cluster Aims High
variety.comAnna Marie de la Fuente Speaking at a panel during Madrid forum Iberseries & Platino Industria, founding execs of Madrid’s newly formed Audiovisual Cluster held forth on the opportunities of the new initiative which launched in March this year.
Also participating was Gonzalo Cabrera, director general of cultural promotion of the Community of Madrid who pointed out that Madrid generates an annual revenue of approximately 3.3 billion euros ($3.96 billion). “The audiovisual sector in the Community of Madrid employs around 20,000 people directly.
It accounts for 1% of the regional GDP. Moreover, it is projected to grow by approximately 25% in the coming years, thanks to technological, demographic and geopolitical changes that have recently occurred,” he asserted.
Apart from Madrid’s current tax break of 31.25% that has lured multiple foreign shoots, he called for the formation of more post production companies.
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