Netflix’s Ted Sarandos Meets With Colombian President to Talk ‘Narcos’ Incentives

Netflix's Ted Sarandos, Colombian President Talk

Underscoring the priority that some countries are placing on luring production, Colombia’s president Juan Manuel Santos met with Netflix chief content officer Ted Sarandos on Wednesday to talk about a significant cash rebate being given to the upcoming Gaumont-produced series “Narcos.”

The 10-episode series, expected to premiere next year, is described as a new take on the spread of cocaine drug cartels and the government effort to stop them.

Colombia’s incentive, managed by its film commission, offers a cash rebate or reimbursement for films partially or totally produced in the country. The incentive includes 40% for artistic and technical services in pre-production, production and post-production. A 20% incentive is available for logistics like catering, hotel costs and transportation. The rebate applies to services by Colombian companies or individuals who are domiciled or residing in the country.

Also attending the meeting were Cecilia Alvarez-Correa, minister of commerce, industry and tourism; Mariana Garces, minister of culture; Diego Molano, minister of information technology; director  Jose Padilha; producers Eric Newman and Elisa Roth, Dynamo Prods.’ Andres Calderon; Claudia Triana, director of Proimagenes Colombia and Colombia’s film commissioner Silvia Echeverri.

The first film to receive the incentive is “The 33,” which tells the story of the Chilean miners’ rescue and is produced by Robert Katz and Mike Medavoy.

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