Canary Islands Open Up a Second Front in International Film Production
After a productive Toronto Film Festival, the Canary Islands, represented by Canarias Cultura en Red, Proexca and Canary Islands Film Commissions, attended the 64th edition of the San Sebastian International Film Festival, the most important film festival in Spain and one of the most prestigious in Europe, to promote the Canary Islands unique tax breaks for the film industry.
The Canary Islands‘ film and TV industry is vying to open a second front in terms of international productions. Offering a hefty 38% tax break for film and TV shoots, the boom in big international films continues. Most recent examples include Brad Pitt’s “Allied” and Universal Pictures’ “Jason Bourne.”
Of the seven Canary Islands, Tenerife and Gran Canaria are currently leading destinations for international projects. But this is expanding towards La Palma, which partially hosted this year Richard Armitage’s TV show “Berlin Station,” a Paramount TV, Anonymous Content production.
However, local companies still play a very small part in the projects filmed in the Islands. “Our aim is for the local industry to join projects as co-producers as well as to promote other local productions,” said Luis Renart, managing director at Canary Island Connection, a full-service production, financing and sales company.
After five years of deep economic crisis, the Canary Islands’ authorities are considering launching film and TV subsidies, while internationalisation is helping to develop the local film and TV sector.