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1 article from 1998

29 July 1998 | From Studio Briefing - Film News | See recent Studio Briefing - Film News news

Aided by tax credits and government subsidies, a less costly work force, and a depressed currency, the Canadian film industry is experiencing an economic boom, with $1.25 billion spent on productions in the provinces of Ontario, British Columbia and Quebec alone in 1997, a rise of $250 million over the previous year, the International Herald-Tribune reported today (Wednesday), citing figures by provincial film authorities. Foreign investment -- coming primarily from the U.S., Britain and France -- accounted for $540 million of that amount. Canadian producer Jake Eberts, currently overseeing the making of Richard Attenborough's Grey Owl (1999), starring Pierce Brosnan, told the newspaper that the cost of producing a film in Canada is 15 percent below what it would be in the U.S. Moreover, Grey Owl, as a British and Canadian co-production, qualifies for tax breaks in both countries, representing $5 million to $6 million of the film's $30 million budget, Eberts told the newspaper.

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1 article from 1998