Chancellor George Osborne hands lifeline to Britain's regional and West End theatres after lobbying by leading producers
West End and regional playhouses are to benefit from similar tax breaks to those that have revived Britain's film industry, with credits that could be worth £15m a year to theatres.
The Chancellor wants to encourage more touring productions such as Priscilla Queen of the Desert, West Side Story and Dirty Rotten Scoundrels, all of which have visited or originated in regional theatres.
The video games industry, which had been hoping for similar treatment, has been left waiting again as the European Commission ponders whether to allow games studios to claim credits. A decision had originally been expected in April 2013.
However, film is braced for another bumper year after George Osborne decided to make the existing credits more generous.
The incentives have already succeeded in attracting television series Game of Thrones and 24 to Britain,...
West End and regional playhouses are to benefit from similar tax breaks to those that have revived Britain's film industry, with credits that could be worth £15m a year to theatres.
The Chancellor wants to encourage more touring productions such as Priscilla Queen of the Desert, West Side Story and Dirty Rotten Scoundrels, all of which have visited or originated in regional theatres.
The video games industry, which had been hoping for similar treatment, has been left waiting again as the European Commission ponders whether to allow games studios to claim credits. A decision had originally been expected in April 2013.
However, film is braced for another bumper year after George Osborne decided to make the existing credits more generous.
The incentives have already succeeded in attracting television series Game of Thrones and 24 to Britain,...
- 3/20/2014
- by Juliette Garside
- The Guardian - Film News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.