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Pedro Sánchez Spain Netflix film shootings and Pedro Sánchez Spain

Spain Grows as a Film and TV Production Hub

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variety.com
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John Hopewell Chief International CorrespondentSpain is no longer a distant country for international film and TV shoots, as the industry builds dramatically amid a flash flood of public financing.In May 2020, as the first wave COVID-19 roiled the country, Spain’s PSOE socialist government raised the cap from €3 million ($3.6 million) to $14.4 million for both tax rebates for international projects and tax credits for local productions.

Deduction rates edged up from 25% to 30% of investment.In March, prime minister Pedro Sánchez raised the ante with a $1.9 billion AVS Hub Plan for 2021-25 to power up the local film and TV production industry and encourage big foreign players to shoot and set up production offices in Spain.

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