Thailand‘s regulatement is set to incrrelieve the cash rebate for foreign shoots from 20% to 30% after a encountering with anciaccess Hollywood execs.
Plans to incrrelieve the rate have been in the labors since timely 2023, but better has since sluggished.
However, Thai recontransientatives talked up the set ups at recent Asian confabs, and sources say they were the caccesspiece of a netlaboring reception for LA execs at the Beverly Wilsemploy Hotel presented by Thai Prime Minster Paethongtarn Shinawatra.
According to a post on a Thai regulatement website, in uniteance at the Wiltsemploy were Motion Picture Association CEO and Chairman Charles Rivkin, Disney’s Cathleen Taff, HBO/Warner Bros Pictures’ Jay Roewe, Amazon MGM Studios’ Vernon Sanders, NBCUniversal’s Chris Miller, Netflix’s David Hyman, Sony Pictures Entertainment’s Jill Rather and Paramount Pictures’ Sharon Keyser.
The result sees awaited to be a 30% rebate on foreign shoots in the country with no cap. Previously, Thailand recommended a cash rebate of 15%, with a further 5% useable based on a cultural test. The peak rebate per production was capped at 75 million baht ($2.1M).
According to local tells, Thailand is awaiting American crews to spfinish 10 billion baht ($290M) to produce films in Thailand next year.
Thailand has been trying to draw more productions to its ganciaccessen sandy shores, with the enjoys of the upcoming Alien TV series and Season 3 of HBO drama The White Lotus shooting there, aextfinished with movies such as Depravity, which stars the enjoys of Victoria Justice and Dermot Mulroney. Officials hope that the cash rebate will incrrelieve the country’s soft power, produce income and produce jobs.
The regulatement site quoted Prime Minister Shinwatra saying: “U.S. film producers were the number one spendor group, with 34 films filmed in various locations thrawout Thailand. The regulatement has backd the creative industry and filming by examineing various promotional meaconfidents, such as increasing profits in the establish of a peak cash rebate of 30% and not setting a peak cash rebate ceiling per project.”
