Incentives help lure foreign filmmakers
In January, Spain launched an 18% tax break on film investment by private financial investors associated in Agrupaciones de Interes Economico (AIE) tax vehicles.
Producers have already begun to move. Ibon Cormenzana’s Pegaso Pictures AIE is co-producing Edward and Rory McHenry’s “Jackboots.”
Meanwhile, in September, the region of Valencia, which includes Alicante’s Ciudad de la Luz studios, announced E18 million ($26.9 million) in rebates on local spending by international shoots through 2011.
Top facility: Alicante’s $447 million Ciudad de la Luz studios. This September, Antena 3 Films TV movie “The Blue Skin,” by Gonzalo Lopez-Gallego, inaugurated the Ciudad’s 328-foot by 262-foot water tank. Ciudad’s latest international shoots were Danis Tanovic’s Colin Farrell starrer “Triage” and Bernard Rose comedy “Mr. Nice.”
Key contacts: Denise O’Dell’s Kanzaman, the Spanish co-producer of “Mr. Nice” and Nia Vardalos’ “My Life in Ruins,” is internationally well-connected and owns sales agent 6 Sales. Tornasol Films created Valencia-based Castafiore for shoots tapping regional rebates, and is a pioneer in using AIE tax vehicles. Production-services company Calle Cruzada’s general manager Jose Luis Escolar line-produced “Kingdom of Heaven” and “Agora.” Now it’s prepping a late-year three-week shoot for “Wichita” in Andalusia.