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Led by Oscar-Winning Tornasol, Production Services Outfit Cnpc Launches in Navarre (Exclusive)

Led by Oscar-Winning Tornasol, Production Services Outfit Cnpc Launches in Navarre (Exclusive)

Five Madrid-based companies, led by leading Spanish production house Tornasol Films, producer of Oscar-winner “The Secret in Their Eyes,” are teaming to launch services consortium Centro Navarro para la Producción Cinematográfica in Navarre, Northern Spain.

Based out of the Sarrio industrial park in Berrioplano, a town near Pamplona, Cnpc will provide production services, develop R&d projects and launch industry training programs in a region of Spain that is consolidating as a film-tv hub bulwarked by tax incentives.

Since 2015, Navarre offers a competitive 35% tax credit for Spanish shoots and co-productions.

“The Cnpc aims to complete the value chain of a film’s production,” said Miguel Iturralde, manager of Cnpc, which officially starts operations in October.

“Navarre is in vogue thanks to its tax incentives, although in order to be eligible for them, production must meet a series of requirements. The main one and the most complicated: Making 40% of production spend in the region,

See full article on Variety