Opinion | Why Hong Kong should roll out the red carpet for international filmmakers – Technologist
As the global film industry faces a slew of challenges – shifts in distribution models, the rise of highly competitive streaming platforms and changing audience preferences – cities are vying for filmmakers’ attention, striving to become the next cinematic hub.
In 2022, Hong Kong announced a scheme to incentivise local filmmakers to partner with their Asian counterparts, offering a grant of up to HK$9 million (US$1.15 million) per production. This year, a similar scheme was launched for Hong Kong-Europe co-productions, and the budget allocated HK$1.4 billion to the city’s Film Development Fund.
By capitalising on this momentum, we can enhance the film industry and the local economy while reinforcing our cultural identity.
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