Hungary’s reputation as one of the top destinations for Hollywood film and TV drama shoots, including NBC’s “Dracula,” has been given extra bite after its 20% tax incentive for production was extended by another six years.
The European Commission has given its blessing to the country’s extension of its film support system until the end of 2019, and approved the Hungarian Film Fund’s request to up the total amount available for support to 18.5 billion HUF ($80 million), almost double the present amount.
The tax rebate, which is open to both international and Hungarian productions, is set at 20% of production costs spent in Hungary. Coin is accessed through the Hungarian Film Fund.
But the tax rebate isn’t the only reason why Hollywood crews are drawn to the country. It also has a wide variety of locations, state-of-the-art sound stages and high-caliber crews.
Recent shoots include “Dracula,” which preems on NBC on Oct. 25. The series, which stars Jonathan Rhys Meyers (“The Tudors”), was line-produced by Hungary’s Mid-Atlantic Films at Stern Film Studio in Budapest. Exec producers include Tony Krantz (“24”), Gareth Neame (“Downton Abbey”) and Colin Callender.
Other recent productions to shoot in Hungary include “World War Z,” “47 Ronin” and “A Good Day to Die Hard.”
Upcoming productions include Brett Ratner’s “Hercules: The Thracian Wars.”