variety.com
18.02.2023 / 18:33
Austria Changes the Game With New Incentives
Ed Meza @edmezavar With two new funding programs that could cover as much as 60% of costs for international feature film productions and the new state-of-the-art HQ7 Studios set to open in Vienna next year, Austria is stepping up its game in the film and TV sector in a major way. Approved by the government last year and in effect since Jan. 1, the FISA Plus incentive provides funding for international and domestic films and series, including TV and streaming production. The subsidy, which is not capped, also covers documentaries, animation, virtual reality projects and post-production services, including sound, music and VFX. Specifically, FISA Plus offers a 30% rebate plus an additional 5% “green bonus” for productions that follow environmental sustainability criteria, with maximum funding set at €5 million ($5.4 million) per film and $8.2 million per series.