Colombia makes filmmakers an offer they can’t refuse

Insight

Colombia is looking towards the entertainment industry to help boost its economy. More film productions than ever are being staged in the South American nation and it mostly comes down to money.

CCTV’s Michelle Begue filed this report on how international production companies are looking to take advantage of generous incentives set forth by the Colombian government.

Colombia makes filmmakers an offer they can’t refuse

Colombia is looking towards the entertainment industry to help boost its economy. More film productions than ever are being staged in the South American nation and it mostly comes down to money. CCTV's Michelle Begue filed this report on how international production companies are looking to take advantage of generous incentives set forth by the Colombian government.


Joseph Chianese on incentives for film makers
While Colombia says the incentive program is paying off other places say it hasn’t been the case for them. Several studies in the U-S and Canada have found that – for every dollar of tax incentives – only about 10-to-20 cents of economic activity is generated. So, what does it all mean? CCTV America’s Mike Walter spoke to Joseph Chianese. He is the EVP of EP Financial Solutions, Entertainment Partners.

Joseph Chianese on incentives for film makers

While Colombia says the incentive program is paying off other places say it hasn't been the case for them. Several studies in the U-S and Canada have found that - for every dollar of tax incentives - only about 10-to- 20 cents of economic activity is generated. So, what does it all mean? CCTV America's Mike Walter spoke to Joseph Chianese. He is the EVP of EP Financial Solutions, Entertainment Partners