Magazine article Variety

Czech Studio Upgrade Caters to Hollywood

Magazine article Variety

Czech Studio Upgrade Caters to Hollywood

Article excerpt

FOR YEARS, Central European countries have vied to attract lucrative film work from the U.S. and other countries by legislating generous tax breaks and investing in production infrastructure. Germany, Hungary and the Czech Republic in particular have turned themselves into alternatives for Hollywood studios looking to cut costs while maintaining production values.

Now the Czech Republic is upping the ante. Prague Studios, founded in the country's capital in 1999, just broke ground on two new stages that are due to be completed in the spring. After the additions, the facility will have five stages totaling 325,000 square feet of production space.

The company's existing stages will also be upgraded, says Prague Studios manager Jindrich Guttner. The facility has already booked several films and TV series for the new stages in 2018, he adds.

Foreign productions spent $156 million in the Czech Republic last year, attracted by the country's 20% tax rebate, alluring locations and studios and crews that live up to Hollywood standards. …

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