Co-productions are set to take a greater role in film finance and production as the film budget enhancement of film tax incentives continues to evaporate. Due to the attack on the film industry from local governments whom have shut down life supporting tax credits for the film business in support of production film budget costs targeting local economies and industries.
Overseas, countries have for a long time determined the value of film tax incentives and credits to enhance the film budget of local artists and art house films. With the decreased film funding from state coffers supporting film crews and vendors in the U.S., such overseas collaborations will increasingly fund the film budget of those movies willing to undertake the extensive cooperation required.
Filmbudget.com
Overseas, countries have for a long time determined the value of film tax incentives and credits to enhance the film budget of local artists and art house films. With the decreased film funding from state coffers supporting film crews and vendors in the U.S., such overseas collaborations will increasingly fund the film budget of those movies willing to undertake the extensive cooperation required.
Filmbudget.com
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