Hollywood Agencies Back U.S. Tax Incentive, While Italy Sees Spending Drop

A coalition of major Hollywood talent agencies and independent producers has voiced support for a proposed U.S. tax incentive aimed at revitalizing the film and television production industry. While viewing the incentive as a crucial initial step, industry leaders emphasize that further measures will be necessary to fully restore Hollywood's standing.

In contrast, Italy's audiovisual sector is experiencing a downturn, with inward investment declining for the first time since 2018. This drop, detailed in the 8th annual APA report, coincides with uncertainty surrounding the nation's tax incentives for film and TV production. Meanwhile, Indonesia is actively working to attract international shoots by drafting a new film law, positioning Jakarta as a potential regional hub for productions, including those from major streaming platforms like Netflix.