Local film industry attracting foreign productions
Eight productions facilitated by FilmTT have drawn in an approximated $2.5 million dollars in the first quarter of fiscal 2018-2019.
Chairman of FilmTT Dion Mc Nichol Stephenson made the revelation at the launch of three new production tools at the Ministry of Trade and Industry’s Port of Spain office on Tuesday.
Expressing confidence that the sector will continue to grow, she said the performance of local productions regionally and internationally including Play the Devil, Unfinished Sentences, Bazodee, The Cutlass and Green Days by the River speak to the ability of our locale to deliver quality work.
In outlining strategies for the ongoing development of the local film industry, McNichol Stephenson said FilmTT strengthened its capacity to promote destination Trinidad and Tobago with the introduction of a new slate of production tools.
Trinidad and Tobago, therefore, is now better positioned as a film destination with the addition of – a production guide, a production directory and a locations database, she said.
The latest initiatives are supported by several strategic interventions, spearheaded by FilmTT, with the objective to grow and encourage a thriving production community; develop infrastructure and capacity; increase audiences and demand for local content and creative Intellectual Property while also promoting Trinidad and Tobago as the region’s premier production destination.
These interventions include attracting international productions, improving regulations, building capacity, marketing local content and influencing local appetites for increased indigenous content and participation in the industry.
The Government continues to invest in the local film industry with the intent of building globally competitive businesses.
Film, as a key component of the creative sector, adds value to the economy and fosters the innovation and creativity which abound locally.
The subsector creates opportunities for increasing revenue, employment, trade and investment.
Since the 2006 introduction of State initiative the Film Production Expenditure Rebate Programme, 19 films have been completed locally, with a spend of over TT$95,000,000.
FilmTT continues to promote this programme, facilitate the development of the local film industry and promote Trinidad and Tobago as a premier location for international film productions.