Film production turnover surges in 2014, advertising shoots down

Film production turnover in the Czech Republic rose last year by more than 20 percent from just over 4 billion crowns to over 5 billion, according to the Audiovisual Producers’ Association. The association highlighted an 82 percent jump to just over 2.8 billion in the production companies turnover related to foreign film shoots. One of the reasons for the surge in business was the increase in 2013 in the budget for incentives for foreign film productions from 300 million to 500 million crowns. The government has decided to boost the budget for next year to 800 million crowns. The association also pointed out the shrinking budget spent by advertisers with one of the problems higher fees on the main Czech commercial television channels.