Austria sets new standards in film and music promotion!

Austria sets new standards in film and music promotion!

Current developments in the Austrian film and music sector impressively show how the new federal government sets clear signs of art and culture. Alexander Dumreicher-Vivanu, the chairman of the Film and Music Association, praises the new government program as "a real breakthrough". In particular, the introduction of the investment obligation for streaming services is highlighted as crucial. This means that international platforms have to invest in the production and financing of domestic productions, which is of great importance for the 7,000 entrepreneurs in the industry. This measure promises a sustainable improvement in the financial framework for the more than 20,000 employees in the film and music industry, as from ots.at

In addition to the investment obligation, the introduction of the two new funding systems ÖFI+ and FISA+ innovative incentives for international co-productions. FISA Plus enables costs of up to 30%, plus an additional "green bonus" of 5% for sustainable productions. At FISA Plus, the maximum funding is up to 5 million euros per film and 8.2 million euros per series. These profound changes in the Austrian film financing system have been considered the most important revolution since 1980, continued Dumreicher-Vivanu. The Report by Variety emphasizes that Austria's new incentives are to increase competitiveness in Europe and to strengthen the position of domestic producers.

is also important to open the new HQ7 Studios in Vienna, which will offer additional capacities for national and international productions and is equipped with the latest technology. The combination of optimal production conditions and geographical advantages will increase Austria's attractiveness for film crews worldwide. While the industry is growing continuously, its goal remains clear: to establish Austria as an important location in the European film landscape.