Hungary emerges as Hollywood production hub with low costs and incentives
- 1Production costs in Hungary are approximately 30% to 50% cheaper than in the United States.
- 2Former Prime Minister Viktor Orban suspended an incentive program that provided a 30% rebate on all production expenditures in Hungary.
- 3The new government has submitted a proposal of 63 billion Hungarian forints, approximately 193 million dollars, to supplement the rebates.
So what's the key point?
Hungary has stopped its system of returning film production costs. Instead, a new plan has been introduced to provide approximately 193 million dollars in support.
Source CNBC · View original ↗
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