Film in Austria is the country’s film commission and has welcomed this week’s decision by the government to offer a 35% incentive in film and television production.
The non-repayable and automatic subsidy will pay a maximum amount of Euros 5 million per film and Euros 7 million per series. Austria-based production companies will be required to submit applications. A 30% cash rebate is available for each project. Plus, an additional 5% is available. “green bonus,”This is dependent upon the implementation of environmental sustainability standards.
The subsidy fund does not have a cap, so producers can apply for incentives regardless of how many.
According to the Film in Austria team, it was “delighted with this major step towards strengthening Austria as film location.”
It was also: “The previous lack of an effective instrument to increase value creation in Austria, to attract foreign production and to create qualified jobs has so far caused film productions to migrate to neighboring countries and thus the loss of value creation, know-how and skilled workers at home.”
Vienna Film Commission stated the new incentive “will strengthen Austria in the competition between European locations.”
Alexander Dumreicher-Ivanceanu, the chairman of trade association Film and Music Austria (FAMA), said: “The fact that the funding system itself is not capped is a real sensation. This means that in the future, there will no longer be a race to submit funding applications. Instead, you release the brakes on creative potential.”
Recent Austrian productions have included Leni Lauritsch’s sci-fi movie “Rubikon,” which was theatrically released by IFC Films in the U.S. on July 1 and by Signature in the U.K. on July 4, and Marie Kreutzer’s “Corsage,”Vicky Krieps portrayed Empress Elisabeth von Austria in this film. Krieps won the Best Performance prize in Cannes’ Un Certain Regard section.
Hollywood movies shot in Austria include “Spectre” (2015), starring Daniel Craig, “The Spy Who Dumped Me” (2018), starring Mila Kunis, and “Downhill”(2019), with Julia Louis-Dreyfus & Will Ferrell