The VFX industry has seen recent mass migrations to tax-friendly locales overseas. Until now Belgium hasn’t been one of those major runaway destinations. But European film company uMedia has unveiled a new financing deal through its VFX division uFX offering up to 40% of a project’s VFX budget for work done in-house. CEO Adrian Politowski announced the sizable offer today in Cannes. Brussels-based uMedia has additional international offices in LA, London, and Paris but its new scheme is made possible by a Belgian tax shelter. Eligible productions must spend a minimum of €50,000 through Belgium and must be a feature film, a TV movie, a TV series or documentary with a majority of European cast, crew and financing in place. The company’s recent credits include work on the Weinstein Company’s Grace Of Monaco and DreamWorks’ WikiLeaks pic The Fifth Estate.
Cannes: Belgium-Based uMedia Unveils 40% VFX Financing Deal
What's Hot on Deadline
'Jungle Book' Still Hot In Third Weekend With $35M-$36M; 'Mother's Day' Has Edge Over 'Keanu' - Update
Tony Goldwyn, Josh Lucas, Michael C Hall, Marton Csokas & Kate Walsh Surround Liam Neeson For Watergate Thriller 'Felt'
Latest Film News
- ‘Maze Runner’ Sequel Production Shut Down Indefinitely For Dylan O’Brien Recovery – Update
- Sierra/Affinity Boards Andrew Niccol’s Sci-Fi Thriller ‘Anon’ – Cannes
- ‘Jungle Book’ Still Hot In Third Weekend With $35M-$36M; ‘Mother’s Day’ Has Edge Over ‘Keanu…
- The Orchard Promotes Paul Davidson To Exec VP
- Home Entertainment Spending Fell 9% In Q1 Not Including Streaming Services
- Will Ferrell “Not Pursuing” ‘Reagan’ Black List Film After All