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Spain Gets Bigger Incentives as Production Houses Push to Keep Up Fast Pace

Spain Gets Bigger Incentives as Production Houses Push to Keep Up Fast Pace

Despite dramatic times, there is room for some encouragement in recent moves by the Spanish film industry. Basque global hit “The Platform” proved the most-watched movie on Netflix in the U.S. The Mediapro Studio is upping film production with high-profile projects such as the Penélope Cruz and Antonio Banderas drama “Official Competition.” Meanwhile, Mr. Fields and Friends, headed by Bambú founders Ramón Campos and Teresa Fernández-Valdés, debuted with “Malasaña 32,” as well as plans to produce three to five movies every two years. Powerhouse Morena Films is in production with “Historias lamentables,” a drama from the team behind Spanish box office smash “Champions.”

Six days before producers will be allowed to restart production shoots in Spain, Pedro Sánchez’s Psoe socialist government has powered up the tax breaks cap for Hollywood and other foreign shoots as part of a relief package for Spain’s cultural industries.

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See full article on Variety