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Czech Republic Confirms “Dramatic Boost” To Country’s Production Incentive Program: “To Be Honest, We Couldn’t Wait Any Longer”
The Czech Republic is hoping to lure more Hollywood projects to the landlocked country after amendments to its production incentive were greenlit.
The new legislation follows long-running talks and campaigning by several industry bodies, and will provide a “dramatic boost” to the country’s production sector, according to the Czech Film Commission. A new financial method will be used to calculate costs, with the total annual incentives budget set to be six times the money raised by a local levy on streamers, plus mirror funding. The Czech Republic has traditionally hosted everything from large-scale studio projects to low-budget indie features and European film and TV co-productions, with productions such as Prime Video’s upcoming sci-fi series Blade Runner 2099, Apple TV+’s Foundation, upcoming blockbuster Nosferatu and Lionsgate’s John Wick spin-off Ballerina all shooting there recently.
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