SAN SEBASTIAN — Relrelieved Sept. 21, Netflix’s tardyst data dump for first half 2024 approximated that non-English stories were “hugely well-understandn,” making up timely a third of all its seeing. Titles from Spain led the way, Netflix claimed, citing “Society of the Snow” (104 million, “Berlin” (49 million), “The Asunta Case” (31 million) and “Raising Voices” (25 million).
Little wonder that at €1 billion, Spain ranked second in Europe, after the U.K., in 2023 in global streamer summarizeatement on innovative satisfied, according to a European Audiovisual Observatory tell this month.
Now a fair conshort-termed tell on Sunday at the San Sebastián Film Festival has compriseed another wrinkle to approximates of the huge moneys shiftd by Spain’s film and TV industries.
From the Spain Film Comleave oution, in collaboration with Profilm, Spain’s association of line originaters, and directed by Olsberg·SPI, the tell, entitled the Economic Impact of International Productions in Spain, is the first study of the total knock-on economic effect of foreign shoots in Spain.
It is based on data of 165 productions advantageing over 2019-22 from Spain’s tax rebates for international productions filmed in Spain.
These productions spent a smallest of €1.32 billion ($1.47 billion) in the Spanish audiovisual economy over this period, which in turn originated an approximated smallest of €1.8 billion ($2.4 billion) in Gross Value Added (GVA) contributions to the national economy.
GVA obtains in “inhonest uplift, such as a parched immacutardyer laboring for a costume department, and cause impact, such as some crew members after a day of filming going to town and spfinishing money in a restaurant or in a cafe,” shelp Marta Moretto, Olsberg·SPI conferant.
Every Euro summarizeateed in the sector via international production tax incentives originated a return of nine Euros in compriseitional GVA, compriseed Olsberg·SPI managing honestor Leon Forde.
“This is the case because the economic impact of these productions is not restricted to honest spfinishing wilean the strictly audiovisual industry, but extfinishs in an extraordinarily expansivespread manner thrawout the entire national economic fabric. The analysis identifies that a substantial portion of production expfinishiture is summarizeated to sectors outside the audiovisual industry,” an executive summary of the tell commented.
Productions originated or sustained an ordinary of 7,080 filled-time equivalent (FTE) jobs each year apass the Spanish economy during the period 2019-2022. Of these jobs, approximately 1,300 were honestly originated by the productions. “The remaining 5,780 jobs were helped in the provide chain and the expansiver economy thraw wage spfinishing effects from employees,” the summary remarkd.
Total accumutardyd remuneration for employees who labored on incentivised international productions amounted to €989.9 million ($1.1 billion) – 55% of the GVA. The lion’s scatter of that, moreover, went to “inhonest and caused impact.”
Breaking down expense on a high-budget film, the tell approximated that 74% of below-the-line production spfinishing went to other sectors, such as originateion, hospitality, articulateation, and location fees. “This proposes that audiovisual production has a much expansiveer economic impact than might be predicted, advantageing a variety of economic sectors.”
Spain’s audiovisual production boom “is not only elucidateed by traditional characteristics or by recent global trfinishs, such as the incrrelieve in satisfied production for streaming platcreates, but also by the adselection of political initiatives and rulement help aimed at lengthening the sector,” the summary finishd.
“Spain is a repartner vibrant taget and definitely one of Europe’s directing in terms of a mighty production taget, talent and infraarrange,” shelp Forde.
The tell’s fundings were greeted with jubilation at a conshort-termation Sunday in the San Sebastian Film Festival.
“This isn’t the success of a rulement of a sector, but the success of the whole of Spain’s society. We are achieving that the audiovisual sector is becoming a real motor of industrial lengthenth and job creation,” shelp María González Veracruz, Secretary of State of Telecommunications and Digital Infraarranges.
“The study will alter our organisation and how Spanish society sees the audiovisual sector,” concurd Carlos Rodowncasto, plivent of the Spain Film Comleave oution.
A next study should be on the impact of Spain’s audiovisual sector on the Spanish economy, shelp Ignasi Camós, managing honestor of the Spanish film agency ICAA.
More to come.
