“This was an opportune time for AG Studios to expand into the Dominican Republic, utilizing our size and position in Latin America and operating the region’s most successful animation studio,” Garcia said. “This partnership is another step towards reaching our goal of maximizing the potential of the Dominican audiovisual industry while enhancing our financing models and increasing the overall production flows in the Dominican Republic,” Gennari said. Phase two growth plans for the facility includes three smaller stages to complement the three large ones now on the site, Gennari said.īoth the partnership’s live-action and animation productions can tap the republic’s 25% freely transferable tax credit for all qualifying local spend above and below the line for a minimum spend of $500,000, and 18% VAT and custom duties exemption of temporary imports on eligible goods. This will complement a vocational training program that Lantica Media has been spearheading that encompasses underwater cinematography and diving to script supervision and film accounting.īurgeoning live-action production in DR will be further boosted by the new pact, which will draw on both companies’ expertise and make use of the Pinewood DR Studio facilities, which includes a 60,500 sq. In what is expected to dramatically bolster local talent, all productions will be made in the Dominican Republic, using Dominican-based artists and mentors from Mexico-based Anima Estudios.
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