Uruguay’s government has announced new and ambitious film-tv legislation aimed at converting the small Latin American nation into a far larger film-tv hub via a new series of cash rebates for international shoots and co-productions with Uruguay.
Coming as Uruguay neighbors Brazil and Argentina battle huge challenges to state film funding – an incentive free in Brazil, a decimation of state funding in Argentina tanks to Covid-19 – the new regulation in Uruguay looks set to accelerate a disappear of productions from Latin America and runaway international shoots to its shores.
Measures take in a qualitative leap in the ceiling put on cash rebate plus a plunge in the minimum expenditure in Uruguay required to access them.
Announced Nov. 25, the regs, framed in an Uruguay Audiovisual Program (Pua), establish four action lines. International shoots and international co-productions filming in Uruguay with a local expenditure from $300,000 to $4 million receive a 25% of spend...
Coming as Uruguay neighbors Brazil and Argentina battle huge challenges to state film funding – an incentive free in Brazil, a decimation of state funding in Argentina tanks to Covid-19 – the new regulation in Uruguay looks set to accelerate a disappear of productions from Latin America and runaway international shoots to its shores.
Measures take in a qualitative leap in the ceiling put on cash rebate plus a plunge in the minimum expenditure in Uruguay required to access them.
Announced Nov. 25, the regs, framed in an Uruguay Audiovisual Program (Pua), establish four action lines. International shoots and international co-productions filming in Uruguay with a local expenditure from $300,000 to $4 million receive a 25% of spend...
- 12/2/2020
- by Emilio Mayorga
- Variety Film + TV
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