CP Media and 2&2 Productions have launched a $100 million new joint venture whose first project is to expand film and TV production in Columbia. Their first project will provide U.S. producers with upwards of 50% of financing for feature films or long-form TV movies shot in Columbia. “This is the most attractive incentive out there,” said CP Media CEO Sam Azar. “It’s not a tax credit or a rebate. This is dollar-for-dollar matching for productions filmed in Colombia.” CP Media is a subsidiary of Miami-based development company CP Group which handles cooperative ventures between Latin American and U.S. businesses. 2&2’s credits include Latin editions of American Idol, Project Runway and Sesame Street. “Even without an incentive” Colombia is a popular location, said 2&2 Production VA Daniel Garcia Mendoza. CP Group is the featured construction company on the HGTV show Urban Oasis and hopes to increase potential for tie-ins.
AFM: CP Media Launches Movie-TV Incentive For Colombia
What's Hot on Deadline
'San Andreas' Tracking Higher Than 'Hercules' For Dwayne Johnson; 'Aloha' Sways Toward $12.3M - Friday B.O.
'San Andreas' Review: Dwayne Johnson's Heroics Save Everything But The Script In This Disaster (Movie)