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Audio-visual sector worth €469m to economy in 2019


Updated / Thursday, 29 Apr 2021
06:00
Elaine Geraghty, CEO, Ardmore and Troy Studios
The Irish audio-visual industry contributed almost half a billion euro to Irish economy in 2019, according to a new PwC report.
The report highlights how film, TV and animation productions, supported by the section 481 tax credit scheme, delivered over €469 million in total economic contribution to Ireland during the year.
The report states that this represents a return on investment of €3.80 for every €1.
The report also reveals that there were 124 productions supported by the section 481 scheme in 2019, which enabled the employment of 16,952 full time positions.
The PwC report was commissioned by Ardmore Studios and Troy Studios, with the support of Animation Ireland and Screen Producers Ireland. ....

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Upper limit of Section 481 tax incentive seen as "barrier" to Ireland securing large-scale international productions, new report finds


29 Apr 2021
:
Nathan Griffin
Ardmore Studios and Troy Studios CEO Elaine Geraghty
Troy Studios and Ardmore Studios CEO Elaine Geraghty believes that the upper limit of €70 million on the Irish Section 481 tax incentive is acting as “a barrier” to Ireland securing “large-scale international productions”.
This comes following the publication of a new PwC Report, commissioned by Ardmore Studios and Troy Studios, which highlights how the Section 481 tax credit underpins the success of the screen sector.
The report reveals how Film, TV and Animation productions supported by the Section 481 tax credit scheme delivered over €469 million in total economic contribution to Ireland in 2019. This figure is estimated to represent a return on investment of €3.80 for every €1.  ....

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Actors, producers in Canberra to push for local content.


Actors, crew, writers and producers were in Canberra this morning in a united push to convince Parliament to introduce local content requirements for digital viewing platforms.
The delegation included Simon Baker, Bryan Brown, Marta Dusseldorp and Justine Clarke, CEO of Flying Bark Productions Barbara Stephen and Co-Founder of Blue Rocket Productions, David Gurney.
“Governments over many decades have recognised our need to experience our own stories told in our own voices, whether it’s on TV or at the movies. With streaming platforms such as Netflix, Stan and Disney+ notching up 16 million Australian subscriptions, the time is right to ensure Australians can see their stories on those platforms too,” said Alaric McAusland, CEO of the Australian Directors’ Guild. ....

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