Pinewood Indomina Studios can finance global filmmaking
Indomina Media has announced a US$26 million revolving production loan to finance the company’s slate of motion pictures, most of which will be filmed at its Pinewood Indomina studios in the Dominican Republic. The studio has unique water filming facilities. Indomina has said it will provide the new Comerica bank loan with soft money solutions, mostly represented by the 25% Dominican transferable tax credit production incentive on above- and below-the-line costs to finance two to three English-language motion pictures per year.
Pinewood Indomina Studios offers turnkey production services and hosts an innovative media park that shall accommodate, foster and consolidate a competitive film industry cluster, comprising independent businesses capable of providing complementary world-class services to producers filming their content in the country.
Category: DR News |