If Brazil is now back as a serious player at the climate emergency table following Lula da Silva’s stunning presidential election win in October, film and production investmentmay not be far behind…
If Brazil is now back as a serious player at the climate emergency table following Lula da Silva’s stunning presidential election win in October, film and production investmentmay not be far behind.
The second edition builds on the success of the first, which generated an estimated $8million for the city and 30,000 jobs directly or indirectly, a 430% return, according to Ferreira. Spcine is now in negotiations for 2023’s rebate budget. “The growth of the budget of the second edition of the program shows that we succeeded in proving internally to the municipal administration the great impact of a project like this,” says Luiz Francisco Vasco de Toledo, director of investments and strategic
“The mayor of Sao Paulo was the one who made the first incentive last year and who just increased the budget. He is being supportive in a very consistent way,” says Vasco de Toledo. Global streamers do not need much persuasion to bring big shoots to Brazil or sustain or grow in production there. Shoots can earn extra rebate points, beyond a 20% base, by the use of generators not powered by fossil fuels or a ban on single use plastics and practicing selective wastecollection, says Ferreira.
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