Australian Prime Minister Scott Morrison has announced a new Location Incentive program, with $280 million in cash grants intended to attract big international productions to film down under, Variety reports. The new program has been added in addition to Australia’s Location Offset program, which provides tax rebates for productions and post-work carried out in the country.

The new program follows $175 million that was announced for Australian arts and entertainment industries last month, as both struggle to recover from the ongoing effects of the COVID-19 pandemic. Around $34 million of that will go towards insurance guarantees for the TV and film industries, enabling productions to restart after COVID-19.

The Australian government is no doubt hoping to capitalise on Australia’s low rates of coronavirus, while other production hubs in the US and UK are still virus hotspots. However a recent outbreak in Melbourne resulting in extended lockdowns and closed borders proves the threat is still very much present.

Continue Reading at GameSpot
Source: Gaming – Game Spot

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0