The devil is in the details. On March 18, Spanish Prime Minister Pedro Sánchez announced the government will plow €1.6 billion ($1.9 billion) over 2021-25 into a Spain AVS Hub plan – España Hub Au…
This was aimed, as he explained, to encourage big foreign players to shoot and set up production centers in Spain and also power up Spanish film and TV production
“We’ve got to give a suitcase to those who travel abroad so that they can say: If you produce with me, you’ll have some benefits,” Navas said, noting that overseas distribution incentives were offered by France, Italy and Switzerland. In general the €100 million will be spread out over three years and finance the digitization of at least 100 companies, closing the gender gap in the film-TV sector and internationalization, Navas said.
With €1.6 billion in play, the biggest Spain AVS Hub initiatives still have to be taken. And, notably, Sánchez said that there would be room for revision of measures taken this year in 2022, if required.