Serbia increases cash rebate to 14.5 million euros

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The Ark. Source: Electric Entertainment

The Serbian Ministry of Culture/Government has increased the budget for the Serbian Film Incentive Program to €14.5 million, according to the Serbia Film Commission (SFC).

The Ark, produced by Electric Entertainment for SyFy, will be the first to benefit from the increased incentive. Series writer and creator Dean Devlin serves alongside Jonathan Glassner as co-showrunner and executive producer.

The series will shoot entirely in Serbia and will be set 100 years in the future when planetary colonization missions take place to help ensure the survival of the human race. Jonathan English of Balkanic Media will be in charge of production. Pre-production is underway, with principal photography set to begin this month at PFI Studios.

Serbia’s fast-growing film production sector registered a record number of 12 US projects, out of a total of 36 high-end films, TV series and films. TVC, filming on location in the country in 2021, bringing an estimated revenue of 45 million euros to the sector.

Also, two new studios, across the bridge from downtown Belgrade, marked the strip between Belgrade and the city of Pancevo as a developing film studio area. Movie rental company, Vision Team, is expanding its lot with five new studios and a backlot. Meanwhile, Firefly is building a new studio of around 5,000 m². Both facilities are expected to open by September 2022 and will offer an additional 10,000 m² of studio space in Serbia.

Bogdan Petkovic, Chairman of the Board of SFC, said: “Over the past five years, Serbia has become one of the most likely destinations in this part of Europe for the production of film services, of TV series, commercials, as well as large CGI and post-production.Incentives provided by the government certainly have an important role in this growth trend, while the industry has built a strong technical and skilled personal base of film professionals.

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