Hungary’s Production Incentive Extended For Six More Years
The announcement was made by the Hungarian film commissioner Csaba Kael at the inaugural Made in Hungary event — a celebration of productions shot in the Central European country — in Los Angeles yesterday. The incentive will now run until 2030.
“It’s incredible that approximately 100 international motion pictures are made with us each year – from the biggest Hollywood studios’ breathtaking feature films, and miniseries to indies, intimate dramas, and innovative commercials,” Kael said at yesterday’s event. “We’re thrilled to continue working with international partners and tell our common stories on all screens. This extension allows us to build on our success and deepen our commitment to take the Hungarian moving picture industry to a whole new level.”
On Monday, Kael revealed at Melrose Rooftop Theater in Beverly Hills that the Hungarian Film Institute’s inaugural Best International Production Filmed in Hungary Award had been bestowed on “Poor Things.”
The newly established award is designed to recognize an outstanding work produced in Hungary with the involvement of Hungarian professionals, and to have been released in U.S. theaters or on television channels or streaming platforms within 18 months prior to the event.
“It’s incredible that approximately 100 international motion pictures are made with us each year – from the biggest Hollywood studios’ breathtaking feature films and miniseries to indies, intimate dramas and innovative commercials. We’re thrilled to continue working with international partners and tell our common stories on all screens. This extension allows us to build on our success and deepen our commitment to take the Hungarian moving picture industry to a whole new level,” Kael said.
Hungary, continental Europe’s biggest production hub, has attracted direct annual production spend totalling $910 million, a fourfold increase in the last five years.