This is a very bold statement of ambition from the actor/producer Idris Elba. Many will welcome it. #SouthKorea however, which has invested heavily into its tech and creative sectors for over 20 years and is referenced here as an exemplar, is a #unitary #state. Africa is not. #Film #tax #credit regimes are intensely competitive by their nature: there are more than 100 competing regimes worldwide. 'Africa' does not exist for such fiscally enabled purposes. This is not in any way to disparage the scope for transcontinental media #investment, #distribution and other collaborations, but tax incentives on existing models cannot apply by definition: outside the USA they are typically based on national #cultural #tests and national tax authority inward investment agendas. A pool of interlocking incentive regimes designed to simulate a single film industry investment market for participating African countries is theoretically possible, but the political challenges to delivery - from the Maghreb to the Cape - would be immense. Idris Elba may, however, be the man to catalyse and champion new forms, or broker the necessary deal-making. He seems to have powerful friends! #filmindustry #Africa #fiscal #incentives #Africanstories Olsberg•SPI BOP Consulting #creativeeconomy
I think it could be done (and is being trialled) through programs led by finance institutions and multilaterals... and I think the same could be said of music.
Head of Economic Diplomacy at British Embassy in Bucharest
6moAfrican countries who can unlock the film production process with rebates offered. Makes sense. How do we do it Martin. Others have messed up.