MK Michael Oren moves to realize formation of “Holy-wood” film authority, with special grants of up to 35% of investment value, paving the way for Israel to host big-budget productions for Hollywood.
By Mati Tuchfled
A new initiative by the Finance Ministry aims to turn Israel into a desirable location for the biggest Hollywood producers, Israel Hayom learned over the weekend.
Formulated by MK Michael Oren, deputy minister for foreign policy in the Prime Minister’s Office, the plan would have Israel establish a new government body to attract big-budget productions by wooing them with sizable grants.
Oren came up with the plan after commissioning a professional survey from international consulting firm KPMG. Continue Reading »