Czech industryites say they are worried that the slowly returning tide of foreign productions could fall off again if politicos don't pony up more coin for incentives.
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Czech film bizzers are scrambling to assure foreign producers that the country's incentives are alive and well, despite an unexpected veto by the president, Vaclav Klaus, on Monday.
Central European Media Enterprises, in which Time Warner has a 49.9% stake, saw a 15.3% drop in net revenues to $140 million for the quarter ending Sept. 30, it reported Wednesday.
Hungary gained a leg up on its old Eastern Bloc and Austro-Hungarian Empire neighbors nearly a decade ago when it launched the region's first tax-incentive scheme for film producers.
Keenly aware that U.S. productions these days are "a rarity indeed," Poland founded its Film Commission in February to focus on remedying the problem, says commission topper Aleksandra Szczerbak.
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Russians and Poles are joining forces to generate heat for film from Eastern Europe, as auds at splashy events in Moscow and Warsaw could see this past week.