Filmmaking revenue down in Czech Republic in 2008 by nearly 28 percent
Revenue generated by the shooting of films in the Czech Republic fell last year by nearly 28 percent. Last year, filmmaking generated 3.5 billion crowns (190 million USD) in the Czech Republic, in 2003, the amount brought in by film production totaled more than double this sum. According to those in the industry, the fall in revenues last year was mainly due to a fall in the number of foreign productions being shot in the Czech Republic – with Hollywood in particular turning its back on this country. Politicians are currently discussing how to amend legislation so as to attract foreign film companies to the country. At the moment, the Czech Republic offers no financial incentives to filmmakers, unlike Germany, France, Great Britain and Hungary.