Wednesday, September 18, 2019

BRITAIN RENEWS TAX CREDITS; HOLLYWOOD CHEERS

November 10, 2011 by · 1 Comment 

Citing the “massive success” of films produced in the U.K. during the past year, British Prime Minister David Cameron announced today that the country’s tax incentives to the film industry will be extended through 2015. Those incentives helped attract producers of such films as Harry Potter and the Deathly Hallows Part 2, Captain America, Pirates of the Caribbean: On Stranger Tides, Clash of the Titans and Gnomeo & Juliet. In a statement, Iain Smith, chairman of the British Film Commission, said that the government’s decision “puts a level of stability in place which allows us as the BFC, with our international partners, to continue to drive the industry forward and grow and develop the film industry in this country.” The government announcement came as particularly good news for Pinewood Shepperton, the studio where nearly all of the principal big-budget films are shot in Britain. “This decision will deliver certainty for the UK’s talented film makers and will provide the platform for growth, investment and jobs in a growing segment of the economy,” said Lord Michael Grade, chairman of Pinewood Shepperton.