Film industry can provide a Hollywood ending to recession

A REPORT has identified the film sector as a key area of growth and employment in the Irish economy over the next five years.

The report, Creative Capital: Building Ireland’s Audiovisual Creative Economy, sets out recommendations aimed at doubling the turnover of the industry from €500 million to €1 billion and increasing employment in the sector from 5,000 to 10,000 jobs.

The main recommendations include extending the Section 481 tax breaks to 2020; a dedicated Irish film channel; an international TV co-production fund with high economic return; and developing Screen Training Ireland to ensure skills training is aligned with industry growth targets.