Troy Studios occupancy down to 5% as screen industry calls for new regional supports

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 32 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 98%

Troy-Studios News

Ardmore-Studios,Limerick

State urged to improve tax film and television credits to prevent loss of productions to UK and other competitors

The science fiction series Foundation, made for Apple, was initially based at Limerick's Troy Studios before moving elsewhere in Europe. Photograph: Helen Sloan/Apple TV+

But the studios, located in Castletroy on the site of the former Dell factory, “immediately witnessed the negative impact” of its removal and lost out as international productions chose to locate in other countries instead. The Oireachtas committee has been examining cross-industry calls for an incentive to replace the regional uplift, which initially brought the Section 481 tax credit of 32 per cent up to 37 per cent for parts of the country in 2019 and 2020 before tapering off.Also addressing the committee, Screen Producers Ireland called for the development of a 10-year strategy to boost regional production.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines