That is according to new accounts for Metropolitan Films International Ltd which show that revenues at the business increased almost six fold or 480% from €12.38m to €71.9m in the 12 months to the end of April 2021.
Figures released by Revenue earlier this year show that the amount of tax relief under section 481 of the Taxes Consolidation Act granted to Metropolitan Films International Ltd for the critically acclaimed The Last Duel starring Matt Damon was between €10m and €30m last year. As the Metropolitan Films International Ltd last year ramped up its activities, numbers employed at the company increased from 66 to 424 as staff costs rose from €2.6m to €24.2m.Some of the productions that Metropolitan is involved in include Badlands, Vikings and Valhalla.
Underlining the increased production at Metropolitan Films last year, the firm's production expenses last year increased from €8.7 million to €104.79 million.