Austrian Parliament Approves “Game-Changing” Film & TV Production Incentive, Featuring Europe’s First Green Bonus - Deadline

The Austrian Parliament passed a bundle of laws connected Thursday paving the mode for a 30% movie and TV accumulation incentive, which besides includes Europe’s archetypal Green bonus arsenic good arsenic other currency for productions with a precocious percent of pistillate heads of department.

The caller law, which was presented by the Culture Committee with the votes of some the governing parties ÖVP and The Greens arsenic good arsenic the absorption parties SPÖand NEOS, volition travel into effect connected January 1, 2023.

In different cardinal improvement linked to the law, each formats are eligible for the incentive, from features to TV, streaming and virtual world and post-production.

“This determination is the astir important measurement since the instauration of movie backing successful Austria 40 years ago,” said Alexander Dumreicher-Ivanceanu, Chairman of Film & Music Austria, the commercialized relation for the movie and euphony industry.

“The Parliament has acceptable a decisive people for the sustainable strengthening of the home film, dependable and euphony determination with the ‘Green Bonus’ for environmentally affable production, the bonus for productions with a precocious information of women successful caput departments, and the enlargement to each forms of exploitation,” helium added

Dumreicher-Ivanceanu, who is besides a co-founder and managing manager of Amour Fou, the Vienna and Luxembourg-based accumulation location down caller features specified arsenic Berlinale 2022 title The Forger, Hinterland and Why Not You, has a been a driving unit down the legislation.

Georg Tomandl, FAMA Deputy Chairman said the information the caller inducement was unfastened to each formats was a “real gamechanger”

“Work continues connected the caller backing guidelines, truthful they tin besides travel into effect connected clip connected January 1, 2023,” helium said,

Under the caller inducement model, determination volition beryllium a basal assistance of 30%, with a 5% greenish filming bonus. There volition besides beryllium a bonus of €25,000 for projects with a precocious fig of pistillate heads of department.

Maximum backing per task for planetary productions is €5m for movie and €7.5m for series. Minimum walk successful Austria is €150,000 for a fabrication work, €80,000 for a documentary and €25,000 for animation, VFX and post-production. The inducement tin beryllium accessed via an Austrian accumulation work country.

For Austrian TV and streaming productions, accessed by an autarkic Austrian accumulation institution maximum backing caps are the same, portion minimum walk successful Austria is 150,000 and the minimum budgets for a diagnostic is €1.8m and €600,000 per occurrence for a series. This d

There volition beryllium a presumption of the accumulation inducement by FAMA and commercialized promotion assemblage Advantage Austria astatine the CIMIx concern league successful Vienna connected January 12 and 13.

“In panels and sessions, apical representatives from politics, the movie and euphony sector, and media and backing institutions volition contiguous the details of the caller movie backing models and beryllium disposable for discussion,” Dumreicher-Ivanceanu and Tomandl.