Cape Town – South Africa and the U.K have signed a lucrative new television deal.
The new agreement which forms part of an existing treaty between the two countries will strengthen ties, share knowledge and ideas and stimulate economic growth through co-production in the television industry.
According to The Hollywood Reporter the treaty was negotiated by Britain’s Department for Culture, Media and Sport, the British Film Institute and South Africa’s Department for Arts and Culture.
TV co-productions that qualify under the terms will have access to home-grown productions in each country.
In SA it will include a higher-rate production repayment and in the UK access to Britain's High-End Television Tax Relief, the Animation Television Tax Relief or the Children’s Television Tax Relief.
Co-productions that have already qualified under the treaty include The Salvation, starring Mads Mikkelsen and Eva Green; Africa United; Tiger House; and Dredd 3D, starring Karl Urban and Olivia Thirlby.
See the trailer here:
“This new agreement enhances our already strong relationship with South Africa and will help television production companies in both countries realize the benefits that come with co-production,” says U.K. culture minister Ed Vaizey.
The South African film industry has recieved massive praise for its excellent skilled crews and affordable locations.
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