2 minutes read
By Javier Romualdo and José Miguel Blanco
Los Angeles, US, Jul 22 (EFE).- Spain’s president on Thursday presented a plan at NBCUniversal Studios in Los Angeles to a group of executives from companies such as Netflix and HBO to turn Spain into the “Hollywood of Europe.”
Pedro Sánchez outlined the pillars of a plan to which he will allocate 1.6 billion euros ($1.88 billion) to boost Spain’s audiovisual sector, which includes tax incentives for production houses that base themselves in Spain and a special visa to expedite the entry of professionals.
“Spain has all the necessary administrative and fiscal incentives, in addition to all possible landscapes, to receive new projects and create new narratives. We aspire to become, if you will allow us to compare, the Hollywood of Europe,” he said.