Film production spending in Hungary reaches 349 million euros in 2018

Spending on film productions in Hungary reached 110.1 billion forints (EUR 349m) last year, data from Hungary’s National Media and Infocommunications Authority (NMHH) show. The spending was up from 108.2 billion forints in 2017, but didn’t match the 125.4 billion forints in 2016.

About 84 percent of the spending last year was by foreign filmmakers.

A total of 333 films were made in Hungary in 2018, including 245 Hungarian films, 84 foreign films and four co-productions. Among the biggest foreign productions were the latest instalment of the Terminator franchise, starring Arnold Schwarzenegger and Linda Hamilton, with a budget of 16.9 billion forints.

NMHH noted that the tax rebate on film production was raised from 25 percent to 30 percent last year.

As we wrote on February, this summer, Hollywood is going to settle down in Hungary to make the movie Dune which is the remake of the iconic 1984 science fiction of the same title. The cast has been announced already, and the Spanish actor is reportedly the newest member of the project. Read details HERE.

AMAZING PLACES IN HUNGARY THAT ALSO SERVED AS MOVIE SETS

Hungary has a lot to offer, no matter what aspect we consider. In the past few years, more and more Hollywood celebrities, including Keanu Reeves and Matt Damon, visited the country to shoot scenes for their upcoming movies. No wonder – there are some truly magnificent sights in Hungary that inspire both Hungarian and foreign directors. Read more HERE.

Source: MTI