American-Georgian joint venture to promote cinema production scheme, infrastructure in Georgia
Deputy Economy Minister Irakli Nadareishvili said the joint efforts would look to ensure “we have more Georgia in Hollywood and more Hollywood in Georgia”. Photo via the Georgian Economy Ministry's Facebook
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A new joint venture involving Georgia’s Silk Road Group and United States-based companies will look to promote facilitation of a range of film production phases in Georgia, creation of related infrastructure and human resources, and use of domestic professionals and tax rebates by Hollywood studios and independent producers.
Forming as a result of an agreement between the Group, US-based industry studio WonderHill Studios and the investment and consulting company ESTech, WonderSilk Studios will work on providing production and financing services and opportunities, the Georgian Economy Ministry said on Thursday.
The Ministry added organisers of the joint venture aimed to ensure over $200 million in film projects being facilitated in Georgia and Kazakhstan between 2023-2024.
Photo via the Economy Ministry's Facebook
Deputy Economy Minister Irakli Nadareishvili said the joint efforts would look to ensure “we have more Georgia in Hollywood and more Hollywood in Georgia”.
He also highlighted the role of the Enterprise Georgia - the state agency promoting entrepreneurship, investment and exports - in creating programmes involving tens of millions of dollars in investment and creation of new jobs in the industry.
“We are represented as a country at all international exhibitions”, the Deputy Minister added, noting producers from Georgia had the opportunity to promote the country as an interesting and profitable location for filming.
Georgia is hosting representatives of the Hollywood film industry to introduce the industry professionals to the country’s creative sector and filming potential, the country’s export promotion agency Enterprise Georgia announced on Monday.
Representatives from six Georgian production companies have promoted the country as an attractive filming location with favourable terms for cinema production in Hollywood, Enterprise Georgia state programme announced on Tuesday.
Negotiations between Enterprise Georgia and major Hollywood studios are underway to shoot several films and TV series in Georgia, said Enterprise Georgia director Mikheil Khidureli.
Georgia is striving to attract major players from Hollywood film industry and make them interested in the country’s diverse filming locations and favourable conditions for making films.