Panama City — Fueled by one of the strongest film tax incentive schemes in the world – with a 100% break for national productions, 25% break for international productions, and 1.5% withholding tax – the Dominican Republic has seen a surge in film production since the new film law was enacted in 2010.
This phenomenon has been further leveraged by the creation of the Pinewood Dominican Republic Studios, operated by Lantica Media, as part of a partnership with the Pinewood Studios Group.
The favorable fiscal climate has attracted a rising number of English-language shoots including Netflix’s series “The I-Land,” the BBC-NBC three-part series “The Long Song,” and Barry Jenkins’ “If Beale Street Could Talk.”
The Dominican Republic’s film industry, with around 25 films produced per year and average budgets close to $1 million, stands out in the Central American and Caribbean region, where filmmakers are often forced to resort to guerrilla filmmaking techniques to get their films made.
This phenomenon has been further leveraged by the creation of the Pinewood Dominican Republic Studios, operated by Lantica Media, as part of a partnership with the Pinewood Studios Group.
The favorable fiscal climate has attracted a rising number of English-language shoots including Netflix’s series “The I-Land,” the BBC-NBC three-part series “The Long Song,” and Barry Jenkins’ “If Beale Street Could Talk.”
The Dominican Republic’s film industry, with around 25 films produced per year and average budgets close to $1 million, stands out in the Central American and Caribbean region, where filmmakers are often forced to resort to guerrilla filmmaking techniques to get their films made.
- 4/9/2019
- by Martin Dale
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.