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In a bid to tap into burgeoning global demand for TV content, Colombia is expanding its location shoot incentives to include international television series.
Current incentives have attracted some 40 film and TV movie projects in the past four years, including pics starring A-list actors Tom Cruise, Will Smith and Oscar-winning Spanish actors, Penelope Cruz and Javier Bardem, according to CMO V.P.-producer Ana Piñeres, who also presides over the independent producers association Asocinde and rights org, Egeda Colombia.
Netflix - Amazon - HBO - Broadcasters - Telemundo
“Netflix, Amazon, HBO and broadcasters like Telemundo have already been shooting in Colombia but the new incentive will hopefully spur them to bring more projects to the country,” said Piñeres.
When Netflix shot three seasons of its mega-hit series “Narcos” in Colombia, they were only able to tap the current incentives for its first two episodes.
Film - Law - Production - Companies - Feature
According to Film Law 1556, foreign production companies of feature films and TV movies investing over $600,000 in Colombia can receive a 40% cash rebate on local qualified film spend and a 20% cash rebate on logistical expenses such as hotels, catering and transportation.
A new second option is a tax credit whereby the foreign production company receives a certificate amounting to 35% of its...
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