Business, Politics, and Analysis

search
July 26, 2018 12:00 am | FILED UNDER: business

Film Production Revenues Surpass Kc104 Billion

By ČTK

Prague, July 26 (CTK) – Sales from film production in the Czech Republic exceed Kc104bn, which is 1.1 percent of gross domestic product (GDP), according to an analysis Deloitte has provided to CTK.

 

While direct sales of the film industry have reached Kc54bn, the indirect ones amount to Kc50bn.

 

Deloitte’s analysis shows that foreign production accounts for 55 percent of total film production in the Czech Republic, followed by advertisements (31 percent), with Czech films ranking third (14 percent).

 

Film production makes up about one fifth of the domestic entertainment industry. Video games account for 4-5 percent.

 

According to Deloitte, more than 12,000 people are employed in the film and TV production industry directly and another 20,000 people work in related industries.

 

Film and TV production contributes a total of Kc19bn to public budgets, with over Kc6bn of the total figure paid in income taxes, Kc6bn in social insurance and over Kc6bn in indirect taxes.

 

Deloitte’s analysis has also revealed that before 1989, up to 100 million people visited cinemas annually. In the late 1990s, their number dropped to 8 million. Today it is twice higher.

 

The average price of a cinema ticket in 1989 was Kc7, compared with today’s Kc113 (without VAT).

%d bloggers like this: