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Hungary secures top spot with six-year extension of film tax incentive
Hungary’s film industry is celebrating a monumental decision to extend the country’s 30% tax incentive for film and TV productions by six more years. This incentive has been instrumental in attracting high-profile Hollywood shoots such as Dune: Part Two, Maria, and The Brutalist to the scenic landscapes of Hungary.
Hungary: A rising star in Europe’s film industry
In recent years, Hungary has secured its status as continental Europe’s largest production hub. The direct annual production spend has ballooned to a staggering $910 million, marking a fourfold increase over the past five years. This remarkable growth underscores Hungary’s evolving role as a premier destination for international film and television productions.
A landmark announcement in Los Angeles
The extension of Hungary’s film tax incentive was formally announced in Los Angeles by Csaba Kael, the government commissioner for the development of the Hungarian film industry. The announcement was part of an event celebrating the Hungarian Film Institute’s inaugural awards for Best International Production Filmed in Hungary. This occasion not only showcased Hungary’s robust film support but also highlighted its increasing global influence in filmmaking.
A legacy of iconic productions
Originally launched in 2004, Hungary’s film support scheme has been a cornerstone in the production of several iconic Hollywood films. Movies such as Hellboy II: The Golden Army, A Good Day to Die Hard, The Martian, and Terminator: Dark Fate have all benefitted from Hungary’s supportive environment. More recently, productions like Poor Things, Alien: Romulus, and Dune: Prophecy have chosen Hungary as their filming location.
Commemorating 20 years of film support
The upcoming year, 2024, marks the 20th anniversary of Hungary’s film support scheme. Csaba Kael emphasized the significance of this milestone, noting that the initiative has not only revolutionized Hungary’s film industry but also elevated the country’s global standing. In recent years, films made in Hungary have consistently garnered nominations and accolades at the most prestigious awards, including the Oscars and BAFTAs. Productions like Dune, Poor Things, The Brutalist, and Maria were masterfully created with Hungarian talent and resources.
The European Commission’s approval
The extension of the Hungarian film support scheme, approved by the European Commission, ensures continuation until the end of 2029 with a budget of nearly $3 billion. This decision reflects the confidence in Hungary’s potential to further expand its already impressive repertoire of film and television productions.
Celebrating excellence in Hungarian film
The Melrose Rooftop Theater in Beverly Hills recently hosted an event where the Hungarian Film Institute’s award for Best International Production Filmed in Hungary was given to Poor Things. This newly established award aims to honor outstanding works produced in Hungary, spotlighting the remarkable contributions of Hungarian professionals from behind the scenes.
Kael expressed his enthusiasm, stating, “It’s extraordinary that approximately 100 international motion pictures are made with us each year—from big-budget Hollywood features and miniseries to independent films, intimate dramas, and groundbreaking commercials. We’re excited to continue our collaborations and tell our common stories on all screens.”
A festival of Hungarian cinematic talent
The first-ever Made in Hungary festival in Los Angeles showcased seven exceptional Hungarian films. During the festival, awards were presented to celebrate the outstanding contributions of Hungarian actors and filmmakers. Among the winners, Franciska Törőcsik was named best actress for her role in Cat Call (Cicaverzum), László Szacsvay won best actor for Some Birds (Valami madarak), and Tibor Bánóczki and Sarolta Szabó’s White Plastic Sky (Műanyag égbolt) took home the award for best picture.
Hungary’s commitment to nurturing its film industry and supporting international collaborations promises an exciting future. Follow our site for more updates on the dynamic world of film and TV production in Hungary. Share this article with fellow cinema lovers and stay tuned for more captivating stories from the world of entertainment.
