Representatives of major US entertainment studios, including Netflix, Amazon, Disney and Universal, recently concluded a visit to Greece, where they were briefed about the country’s efforts to attract major foreign audiovisual production.
The visit was an initiative of Greece’s Ministry of Digital Policy, Telecommunications and Information and the National Center for Audiovisual Media and Communication (EKOME).
Twenty-five representatives from American studios were briefed about EKOME, which was founded in 2017 with the aim of making Greece a center of audiovisual production by offering tax incentives to producers.
Incentives take the form of tax rebates on eligible expenses incurred in Greece, which can amount to 35 percent. New legislation provides a more flexible floor for television series (beginning at €30,000 per episode) and a new minimum for digital games (€60,000), while projects are financed without a cap.
Moreover, the cash rebate from the nation of Greece can serve as collateral for producers to obtain further funding through the Greek banking system.
Popular Greek actor Alexis Georgoulis, star of the television series “The Durrells,” who is an enthusiastic supporter of the government initiative, was among the officials who briefed the foreign visitors.
In a recent interview with the Greek Reporter, Georgoulis, who is a candidate in the European elections, said that “we would like to see an increase in EKOME’s budget to attract more foreign productions and expand its remit to include theatrical productions too.”