(+34) 913 497 100 | Home Industries Audiovisual Audiovisual The audiovisual industry in Spain The audiovisual industry plays a key role in the Spanish economy. Spain is the sixth ranking country in volume of audiovisual exports: films, music, and TV series. According to Ministry of Culture data, the audiovisual industry today represents 28% of all cultural sectors, which together account for 3.2% of the GDP. Its team of professionals, cutting-edge solutions, diverse locations, and tax incentives draw an increasing number of international productions to our country, which along with a large number of domestic productions, are attracting the attention of international platforms. There has been an increase in both quantity and quality. The industry has managed to adapt to the times and develop new viewing models. Digital platforms are the main drivers of this growth. More immediately relevant content is also offered. The business model is increasingly supported by the production of fiction series. According to the PWC study, The opportunity of fiction content in Spain, the potential market for fiction series productions will generate revenues of almost 4.3 billion euros between 2020 and 2021, contribute 811.9 million to the GDP, produce as many as 72 series, create 18,443 jobs (13,944 direct) and give rise to tax revenues of almost 264 million euros. There is no doubt that Spain has become a hub for international productions. The filming of blockbusters in our country such as HBO’s Game of Thrones, and the success of La Casa de Papel on Netflix (which has in fact set up a headquarters in Madrid) are only two examples of the importance of the Spanish audiovisual industry in the world. Increased investment and TV fiction production in Spain In addition to Spanish-speaking content, another opportunity is the production of international content in Spain, potentially channeled via the development of a production hub for international content in the country. Source: The PWC study .The opportunity for fiction content in Spain The PWC study highlights the following strengths of the Spanish audiovisual industry: Talent, with first-rate producers, creators, directors, etc. Substantial technical resources for film and other related industries. Low cost of production in Spain compared to other countries. Maturity of the local industry, with experience in making first-rate international products. Global positioning of Spanish content with international hits such as La Casa de Papel and Élite. Miriam Fernández PROJECT MANAGER Contact us Our advisers will inform and support you in setting up your business CONTACT Discover the RDI Ecosystem IN SPAIN FIND OUT MORE Why invest in audiovisual industry in Spain? Because Spain easily covers all phases of production. There are over 72,000 professionals and 6,700 companies devoted to the audiovisual industry here. There are 45 film festivals, including San Sebastian (Category A), Seminci, the Malaga Festival, and the Ibero-American Film Festival of Huelva. Over 500 international awards demonstrate Spain's know-how in the audiovisual industry over the last decade. Tax incentives Spain is becoming known as a highly competitive and profitable location for international industry. Investments in foreign film and audiovisual productions allow tax deductions for producers of 30% off the first million euros of the deduction base, and 25% for any amount above that, up to 10 million euros maximum per production. The Canary Islands offers an incentive of 50% for the first million euros, and 45% over that amount, and in Navarre, the deduction is 35%. Professionals with experience The Spanish audiovisual industry has an ample selection of multicultural technical and artistic professionals with solid training and experience in national and international productions. They can assume more complex productions and integrate themselves into international teams. The companies that provide production services make it easier to access locations, provide equipment and materials, and they are essential in obtaining tax incentives and subsidies for productions. Market opportunities Spain has a very strong internal market (86.7% of consumption in Spain is local). Source: PWC study “The opportunity of fiction content in Spain”. According to the European Audiovisual Observatory, Spaniards spend an average of seven hours and 28 minutes a day consuming audiovisual content either via television or the Internet, on the computer or cell phone, more than in France, Germany and the United Kingdom. Spanish-speaking The audiovisual content produced in Spain has great potential for internationalization. Spanish-speaking content can access Latin America, a market of more than 400 million people. Infrastructures and services We are at the forefront. Spanish tourism has provided the country with one of the best service infrastructures in the world. Technical and artistic production teams have access to an extensive range of hotels and other various accommodations, in addition to an vast network of gastronomic and leisure establishments. Car rental companies, catering, temporary personnel, and general and health insurance companies complete the range of services available in the country. Public health services, and security and emergency services in Spain are universal and are among the best in Europe. In addition, Spain has a modern and extensive network of infrastructures that aid mobility. Ecosystem In Spain, all services needed for audiovisual production can be found across the entire supply chain and in any region. What are the best investment opportunities? Filming Advertising Animation and audiovisual effects Radio broadcasting services Find your Aid and Incentive Interactive search engine for national and regional financial aid and incentives for your investment project. FIND OUT MORE Main regions for the audiovisual industry Clusters for the audiovisual industry With clusters Success stories See all success stories 13 November 2020 Scopely Javier Ferreira CEO The US company is committed to Spanish talent and will continue to increase its workforce At the end of October, Scopely acquired the Sevillian company Genjoy, a company that specializes in puzzle video games (also known ... Read more Publications 09|09|2021 Spain Audiovisual Hub of Europe. Plan to boost the audiovisual sector (6,44 MB) 19|07|2021 Spain for Audiovisual Industry (368,92 KB) 13|07|2021 Who is Who – Shooting in Spain 2021 (6,98 MB) 15|06|2020 Brochure Spanish Frames 2020 (14,82 MB) 20|05|2020 Note on the approval of measures to support the audiovisual sector in response to COVID-19 (60,54 KB) News See all 01 DECEMBER 2021 Spain simplifies the entry and stay procedure for foreign professionals in the audiovisual sector Read more 26 NOVEMBER 2021 ICEX Launches INNOVA Invest, a Programme Designed to Help Foreign Companies Invest in R&D in Spain Read more 18 OCTOBER 2021 ICEX-Invest in Spain allocates three million euros to attract innovative projects Read more Agenda See all VENTANA SUR 2021 / 11/29/2021 - 12/03/2021 ICEX-Invest in Spain will participate in the Ventana Sur event that will be held this year in a hybrid format between 29 November and 3 December. Read more FOCUS 2021 / 12/07/2021 - 12/10/2021 ICEX-Invest in Spain will participate in the FOCUS 2021 professional meeting that will be held this year in a hybrid format (London and online) between 7 and 10 December. Read more Our brands: Invest in Spain About Us Global Network Regions Innovation Startups Sustainability LATAM Desk China Desk Publications Events What's on Why Spain Economy Infrastructures Talent Taxation Quality of Life Industries Aerospace Agri-food Audiovisual Automotive and mobility Chemical industry ICT Life Sciences Logistics and transport Renewable Energy Tourism and Leisure Doing Business Company set up Taxes Labour market Aids and incentives Visas Intellectual property Living in Spain We help you Innova Invest Smart Technology Fund Investors Network Investor Services Rising Up in Spain Social Networks European Regional Development Fund A way to make Europe All rights reserved. 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