A naukri.com initiative
Guardian
6h
72
Image Credit: Guardian
UK taxpayers contributed £89m to the most expensive movie ever made
- UK taxpayers contributed £89 million to the making of Jurassic World: Dominion, the most expensive film ever made.
- The film was shot at Sky Studios Elstree, allowing Universal Pictures to receive £89.1 million from HMRC under the UK government's film incentive scheme.
- Jurassic World: Dominion had total costs of £453.6 million, making it one of the most expensive movies in history.
- The UK government has paid a total of £5.9 billion to movie studios since 2007 to boost the country's film industry.
- For every £1 reimbursed to studios, there was £8.30 of additional Gross Value Added to the UK economy in 2019.
- Between 2017 and 2019, the film incentives yielded £13.5 billion return on investment to Britain's economy and created thousands of jobs.
- Critics question the necessity of providing incentives for studios to film in the UK, suggesting the country has enough attractions to draw studios on its own.
- The filming of Jurassic World: Dominion involved huge costs, with significant amounts spent on staff, contributing to job creation and economic benefits.
- The incentives provided by the UK government have increased transparency in the finances of films made in the country.
- Despite criticisms, industry experts highlight the positive impact of the film industry on tax receipts and economic growth.
- Starring Chris Pratt and original Jurassic Park cast members, Jurassic World: Dominion was filmed during the pandemic, with cast quarantining for five months.
Read Full Article
4 Likes
For uninterrupted reading, download the app