×

Hungary Raises Production Incentive From 25% to 30% (EXCLUSIVE)

Recent shoots include 'Robin Hood,' starring Taron Egerton and Jamie Foxx, the latest 'Terminator' movie, starring Arnold Schwarzenegger, and Will Smith’s 'Gemini Man'

Hungary, which has hosted numerous Hollywood blockbuster shoots and ranks as Europe’s second most popular filming destination after Britain, has raised its production incentive from 25% to 30%. Hollywood movies filming in the country include the sixth installment of the “Terminator” franchise, starring Arnold Schwarzenegger, and Will Smith’s thriller “Gemini Man,” directed by Ang Lee.

Other movies shot in Hungary in recent years include “Robin Hood,” with Taron Egerton and Jamie Foxx; Jennifer Lawrence’s “Red Sparrow”; Charlize Theron’s “Atomic Blonde”; Keira Knightley’s “Colette”; “The Spy Who Dumped Me,” starring Mila Kunis and Kate McKinnon; and “Blade Runner 2049.” TV shows to have shot in Hungary include Nat Geo’s “Genius: Picasso,” starring Antonio Banderas, TNT’s “The Alienist,” starring Dakota Fanning, Daniel Brühl and Luke Evans, and season 8 of “Homeland.”

The Hungarian National Film Fund submitted the tax rebate rise to the European Commission, which has given its approval. The support scheme, which is available for films, TV series, documentaries and animation shooting in Hungary, has been extended until the end of 2024.

The incentive has been increased to “preserve Hungary’s leading position and competitiveness in the European film industry,” according to a statement from the Hungarian National Film Fund. The country is Continental Europe’s most popular destination for international production shoots, and second only to the U.K. in Europe as a whole. “The Hungarian film support scheme provides significant contribution to the development of the Hungarian film industry and to the country’s GDP,” the statement added.

According to the European Audiovisual Observatory’s 2015 report, film production in Hungary accounted for 0.15% of gross domestic product – one of the highest proportions in Europe. The volume of production spending reached $400 million in Hungary last year.

“In addition to the tax incentive, Hungary’s film industry has highly educated and experienced film crews, a variety of exciting and new film locations, and state-of-the-art sound stages,” Andy Vajna, Hungary’s film commissioner, said. “Budapest is the most popular location to shoot films in Continental Europe. With the increased tax incentive, we aim to strengthen the Hungarian film industry and to preserve our leading position in the international market.”

More Film

  • (L to R) Marco Graf as

    2018 Los Angeles Film Critics Association Awards Winners

    Members of the Los Angeles Film Critics Assn. are meeting today to vote on the year’s best cinema accomplishments. Recent winners of the group’s top prize include “Call Me by Your Name,” “Moonlight,” “Spotlight,” “Boyhood,” “Her”/”Gravity” and “Amour.” List of winners below. Check back throughout the morning for updates. Best Film: Related Film Review: 'Robin Hood' [...]

  • Ralph Breaks the Internet

    Box Office: 'Ralph Breaks the Internet' Narrowly Defeats 'Grinch' in Sleepy Pre-Holiday Weekend

    Disney’s “Ralph Breaks the Internet” topped a quiet weekend at the domestic box office, marking the third straight win for the animated sequel. It earned $16.2 million in its third week of release, generating $140 million since it opened over Thanksgiving. Another cartooned adventure almost gave “Ralph” a run for its money. Illumination and Universal’s [...]

  • John KrasinskiVariety Actors on Actors, Day

    John Krasinski on 'A Quiet Place': Casting A Deaf Actress Was 'Non-Negotiable'

    John Krasinski’s debut feature “A Quiet Place” tells the story of a family with a deaf child, and the “Jack Ryan” star wanted to make sure he included a deaf actor in the film. “It was a non-negotiable thing for me,” Krasinski told Rosamund Pike of the casting during their conversation for Variety‘s “Actors on [...]

  • Rosamund Pike John Krasinski

    John Krasinski and Rosamond Pike on Vulnerability and Decompressing After Tense Scenes

    John Krasinski and Rosamund Pike sat down for a conversation for Variety’s Actors on Actors. For more, click here.  In “Gone Girl,” Rosamund Pike proved she could put herself through anything. The British actress, a well-loved supporting player in “Pride & Prejudice” and “An Education,” took the lead and scored her first Oscar nomination. Four years later, [...]

  • Aquaman

    'Aquaman' Rules Overseas Box Office With $94 Million in China

    “Aquaman” launched with a massive $93.6 million in China, marking the best start for a Warner Bros. title in that territory. The superhero adventure — directed by James Wan and starring Jason Momoa as the king of the seven seas — isn’t opening in North America for another two weeks, but the studio wanted to [...]

  • (L to R) MAHERSHALA ALI and

    Scores from 'Green Book,' 'Solo,' Others Disqualified from Oscar Race (EXCLUSIVE)

    First-round voting is underway for Oscar’s Original Song and Original Score categories, but Academy music-branch voters are discovering that four talked-about scores are missing from the eligibility list. Music for “Solo: A Star Wars Story,” “Green Book,” “Mandy” and “The Other Side of the Wind” has been disqualified for various reasons, Variety has learned. More [...]

  • Zack Mulligan and Keire Johnson appear

    'Minding the Gap' Wins Top Award From International Documentary Association

    Bing Liu’s skateboarding movie “Minding The Gap” has won the International Documentary Association’s award for top feature of 2018. Floyd Russ’s “Zion” was awarded best short. Netflix’s “Wild Wild Country” won for best limited series and HBO’s “John McCain: For Whom the Bell Tolls” took the ABC News VideoSource Award. PBS’ “POV” won for best curated [...]

More From Our Brands

Access exclusive content