- With a sliding-scale points system and clear qualifying
criteria, productions have the opportunity to gain up to 50% total
cashback rebate
- Guidelines have also been enhanced; supporting additional
production formats, increased total financial support caps, and
refined qualification and payout process
- Abu Dhabi was the first
destination in region to offer a cashback rebate and has supported
more than 170 major productions since its inception in 2013
ABU
DHABI, UAE, Dec. 30,
2024 /CNW/ -- Abu Dhabi Film Commission (ADFC), part
Abu Dhabi's Creative Media
Authority (CMA), announced multi-layered enhancements for its film
and TV production rebate offer. New guidelines will see global
production companies afforded up to a 50% total cashback rebate,
based on a clear set of criteria and sliding-scale points
system.
With a baseline increase from 30% to 35%++ announced in Q3, the
new rebate, starts for qualifying productions from 1 January 2025; with new qualifying formats,
increased financial project caps and an improved process designed
to strengthen and attract strategic investment into the film and TV
production industry in Abu
Dhabi.
Mohamed Dobay, Acting Director
General of Creative Media Authority, said: "As pioneers of the
rebate scheme in region, TV and film production continues to be a
key pillar in the development of our creative industries and a
strategic differentiator for the emirate. We have curated several
levels of changes to the rebate which will continue to fuel global
and regional interest in Abu Dhabi
and contribute to the entire creative ecosystem. We look forward to
welcoming new production partners, alongside strengthening our
existing and previous relationships; driving the next phase of
planned growth for the industry – working towards our goal of
establishing Abu Dhabi as a
leading film and TV production destination globally."
"From a local perspective, the impact of the rebate on our
economy is significant, with independent research showing for every
dirham paid through one of the fastest payouts processes across the
industry, more than three dirhams
flows back into the economy," he continued.
Enhanced Rebate Points System
ADFC's enhanced rebate will offer additional uplift on top of
the new 35% baseline with a maximum potential of 50% total rebate
on in-market production and post-production costs, through meeting
new criteria and seeking ADFC's full and absolute approval.
The uplift has a points-based system where productions scoring
between 10 to 14 points gain 2.5% uplift, in addition to the
baseline of 35%, through to a 15% uplift on the baseline for
productions scoring 85 points or above.
There are extensive ways in which production companies can score
points, including featuring the UAE's national history and culture
in content; completing full postproduction activity in Abu Dhabi; main unit production in
Abu Dhabi of a feature film and/or
filming an entire TV series in the emirate.
New Eligible Formats
From 1 January 2025, the rebate
will also be available for additional production formats, including
reality TV, game shows, short films and animations. This expansion
of formats bolsters the existing formats of feature films, TV
series and programmes and TV commercials which have been supported
since the introduction of the rebate in 2013.
New Higher Rebate Caps
The rebate initiative will also increase the caps on the total
financial assistance production companies can gain from ADFC.
Qualifying feature films, for example, will see this increase of
Abu Dhabi Qualifying Production Expenditure (ADQPE) from
US$5m to US$10m.
Refined Rebate Process
The final layer of rebate update is the streamlining of
projected timelines for the rebate process itself. The interim
certificate validity has increased from 60 days to 90 days – giving
production teams an additional 30 days to start principal
photography in Abu Dhabi, with an
additional discretionary 120 days.
From the point the final certificate is issued towards the end
of the rebate process, producers now will see paid funds in 30
business days (previously 60 business days) speeding up the already
swift process.
Sameer Al Jaberi, Head of Abu
Dhabi Film Commission added: "The reception of our initial
baseline increase from 30% to 35%++ in October was extremely
positive and the team has since seen a surge of interest from
across the world, which will no doubt surge again with these
additional layers of detail we're announcing now. Coupled with the
financial stimulus into the economy, visiting productions also
support talent across the board – from youth talent who gain access
to some world-class learning and training opportunities, to
established talent, including freelancers who are regularly
employed on visiting sets. With more than a decade of experience
hosting global and regional major productions, the team at ADFC is
well versed in the nuances of film and TV production and has
demonstrated over the years the ease of doing business here in
Abu Dhabi."
Ben Piltz, Unit Production
Manager commented, "Having a rebate is super important for
studio films and the rebate in Abu Dhabi is second to none
– giving you a number of benefits that you don't get
elsewhere. The enhanced rebate is going to offer a lot for future
projects, the increase in the cap is a massive benefit and being
able to increase eligible spend to 50% by promoting Abu Dhabi and its culture or using local
talent is something everyone will look at."
Fuelling Abu Dhabi's already extensive ecosystem, a
significantly enhanced rebate financially benefits more than 800
locally-based media companies (more than 300 of whom are production
specific) the 1000-strong freelancer talent pool, young individuals
looking for training and internship opportunities and the new
golden visa programme.
More than 170 major productions have visited Abu Dhabi in recent years including Warner
Bros. Pictures, Legendary Pictures, Disney, Netflix, Paramount
Pictures, Yes Raj Films, Tips, Clacket, Eagle Films and Universal
Pictures. Films shot in Abu Dhabi
include Dune, Dune: Part Two, F1, Mission: Impossible –
Dead Reckoning Part One, Mission: Impossible – Fallout,
Star Wars: The Force Awakens, 6 Underground and
Furious 7, as well as Bollywood hits such as Vikram
Vedha, Tiger Zinda Hai
and Bharat.
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SOURCE Abu Dhabi Film Commission