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A sexy funding solution for an age-old problem

Chris Murray proposes an ingenious plan to help fund local screen productions with the naughty dollar.

It has recently come to light that the Hungarian government has some innovative ideas for supporting their local film industry. By introducing three different taxes, our European friends plan to channel funds into local productions and ailing art house cinemas.

The first tax would apply to local porn websites; another, a three per cent tax on multiplex tickets, to funnel into art house exhibition; and finally a general 20 per cent tax break on foreign productions.

According to Variety, the latter has so far generated a Us$98 million injection into the local economy via the miniseries World Without End, The Borgias and feature film 47 Ronin starring Keanu Reeves. This is on top of income from Brad Pitt’s Us$125m budgeted zombie flick World War Z which is currently shooting in the Hungarian capital, Budapest.

See full article on Encore Magazine