China and the Netherlands sign co-production filming deal
China and the Netherlands have signed a filming co-production deal that will enable movies to qualify as national shoots in each respective country.
The agreement will give the Netherlands better access to the Chinese market as co-productions will be able to bypass China’s strict quota on the number of foreign films released in the country each year.
“The established framework offers thorough opportunities for inspiring new collaborations between the Dutch and Chinese film industry,” said Doreen Boonekamp, CEO of the Netherlands Film Fund. “It creates the conditions to increase artistic and technical collaboration leading to a true cultural exchange between both countries and to explore each other’s markets.”
Earlier this month, 15 international co-productions were among the film projects to receive a total of €5.4m in the most recent round of the Netherlands Film Production Incentive. The Netherlands offers a 30% cash rebate and already has co-production agreements in place with Canada, France and Germany.
Hollywood studios are eager to get better access to China, especially now that the country has the second largest film market in the world. Securing co-production status is one route, while some bigger films - Transformers: Age of Extinction among them - make specific deals to film scenes in Chinese locations with local co-stars.
In turn, China is building its relationship with Hollywood. Upcoming English-language monster movie The Great Wall – due for release in late 2016 - filmed in China and features Matt Damon leading a cast of US and Chinese stars. The film is the largest US-China co-production to date.
For more on filming in China, check our production guide.