MTI – Econews

 Monday, March 11, 2019, 17:32

Spending on film production in Hungary reached HUF 110.1 billion final year, information from the National Media and Infocommunications Authority (NMHH) show, state news wire MTI reported.

Spending was up from HUF 108.two bln in 2017, but did not match the HUF 125.four bln spent in 2016. About 84% of the spending on film production final year was by foreign filmmakers.

A total of 333 films had been created in Hungary in 2018, such as 245 Hungarian films, 84 foreign films, and 4 co-productions.

Amongst the greatest foreign productions was the upcoming most current installment of the Terminator franchise, starring Arnold Schwarzenegger and Linda Hamilton, with a price range of HUF 16.9 bln.

The NMHH noted that the tax rebate on film production was raised from 25% to 30% final year.