As a seasoned movie critic with a penchant for European cinema, I must say that Hungary has truly come into its own as a formidable force in global film production. The extension of their 30% tax incentive for another six years is nothing short of a game-changer, and it’s evident from the caliber of films being produced there.
The extension of Hungary’s 30% tax incentive for film and television production, a key factor in luring projects such as “Dune: Part Two,” “Maria,” and “The Brutalist” to the nation, has been prolonged by an additional six years.
Over the past five years, Hungary, Europe’s largest manufacturing center, has witnessed a significant surge in annual production investment worth approximately $910 million – a figure that represents a four-fold increase compared to earlier periods.
On Monday in Los Angeles, it was announced by the Hungarian government’s commissioner for film industry development, Csaba Kael, that the tax incentive has been extended. He was there to unveil the winners of the Hungarian Film Institute’s first-ever awards for Best International Production Filmed in Hungary.
The Hungarian film subsidy program, established in 2004, has played a significant role in the production of several popular Hollywood films such as “Hellboy II: The Golden Army,” “A Good Day to Die Hard,” “The Martian,” and “Terminator: Dark Fate.” In addition, numerous international productions have chosen Hungary as their filming location, with titles like “Poor Things,” Ridley Scott’s “Alien: Covenant,” “Dune: Part One,” “The Day of the Jackal (remake),” “FBI: International,” and “NCIS” being some examples.
2024 represents a momentous occasion, celebrating the 20-year anniversary of the Hungarian film subsidy program. This initiative has revolutionized our film industry and boosted Hungary’s global standing and recognition, according to Kael. Over recent years, films produced in Hungary have been frequently nominated for and honored with some of the most esteemed awards such as the Oscars and BAFTAs. Movies like ‘Dune,’ ‘Poor Things,’ ‘The Brutalist,’ and ‘Maria’ were all created at Hungarian locations, utilizing Hungarian professionals and talents.
As a passionate cinephile, I was thrilled to hear that the Hungarian Film Support Scheme, which was due to expire at year’s end, has been extended for an additional six years by the European Commission! This decision comes with a significant budget of nearly $3 billion. This means more captivating stories, stunning visuals, and a thriving film industry in Hungary, continuing to enrich our shared cinematic landscape.
On a Monday, it was announced at the Melrose Rooftop Theater in Beverly Hills that “Poor Things” received the first-ever Best International Production Filmed in Hungary Award from the Hungarian Film Institute.
The recently created honor aims to celebrate exceptional works that were jointly developed by Hungarian professionals and produced in Hungary, and subsequently screened in U.S. cinemas, televised broadcasts, or streaming services within the past 18 months before the ceremony takes place.
It’s astonishing that about 100 international films are produced alongside ours every year, ranging from blockbuster movies and miniseries by major Hollywood studios to independent films, emotional dramas, and groundbreaking commercials. We’re delighted to carry on collaborating with international partners and share our collective narratives across all screens. This expansion gives us the opportunity to build upon our achievements and strengthen our dedication to elevate Hungarian filmmaking to uncharted heights,” Kael expressed.
The inaugural Hungarian film festival held in Los Angeles screened seven exceptional Hungarian movies, culminating in award presentations on Sunday. Franciska Törőcsik was awarded best actress for her leading role in “Cat Call” (Cicaverzum), László Szacsvay took home the prize for best actor for his performance in “Some Birds” (Valami madarak), and “White Plastic Sky” (Műanyag égbolt), directed by Tibor Bánóczki and Sarolta Szabó, was named best picture.
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2024-10-30 00:19