Czech audio-visual industry posts record turnover for 2022

The Czech audio-visual industry achieved a record turnover of CZK 15.4 billion in 2022, surpassing so-far the best turnover of CZK 12 billion from 2021, the Audiovisual Producers’ Association informed in its annual report released on Thursday.

Last year, incentives rose by a record CZK 570 million to CZK 1.37 billion, and this year the government has allocated CZK 1.4 billion in the budget of the Cinema Fund for incentives.

However, incentives are currently on hold again and producers have warned it could lead to an outflow of foreign projects.