Weekly Report - 8 September 2011 (WR-11-36)

ARGENTINA| Taxing foreign films. Argentina’s film industry, arguably the most developed in Latin America, is highly dependent on the domestic market and financing from the national institute of cinema and audiovisual arts (Incaa), which receives a percentage of the price of every ticket sold in screens to finance home-grown projects. This week, Incaa announced it will levy a tax on foreign films screening in the country to incentivise the consumption of locally produced features. The maximum fee will apply to movies shown in more than 161 screens simultaneously and will be equivalent to the retail price of 12,000 entry tickets, roughly AR$400,000 (US$95,000) at current ticket prices.

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