As film studios seek diverse investment opportunities, the Thai film industry has emerged as a compelling avenue for growth and innovation. With its vibrant culture, talented professionals, and expanding market, Thailand offers a unique proposition for US film studios looking to expand their horizons.
Thailand has long been a sought-after destination for foreign film productions, attracting renowned filmmakers from around the world.
Successful foreign productions, such as “The Greatest Beer Run Ever”, and Netflix’s “The Serpent”, have demonstrated Thailand’s ability to provide a captivating setting for various genres and narratives. By combining the country’s scenic beauty, cultural richness, and skilled local talent, these productions have contributed to Thailand’s recognition as an appealing and versatile location for international filmmakers.
According to Bangkok based production house Greenlight Films, Thailand can provide some unique advantages that should be of interest to US based production companies.
Diverse and Stunning Locations
Whether your movie requires exotic locales, urban settings, or natural wonders, Thailand has it all. From pristine beaches and lush jungles to ancient temples and vibrant cities, Thailand’s landscapes provide a visually captivating backdrop that can enhance the storytelling and create an immersive cinematic experience.
The country’s diverse range of captivating locations has attracted numerous international film productions, spanning a variety of genres, including “Bridget Jones: The Edge of Reason”, “The Hangover Part II”, and “Fast & Furious 9”.
Cost Efficiency
Thailand offers a cost-effective production environment for filmmakers. Thailand’s film industry benefits from lower production costs compared to many Western countries. This cost advantage includes lower labour costs, affordable equipment rentals, and cost-effective resources like locations, props, and materials.
Thailand offers filmmakers access to state-of-the-art facilities catering to diverse production requirements, including sound stages, equipment rentals, post-production facilities, and special effects capabilities. These facilities are designed to support cost-efficient production processes while maintaining international quality standards.
Experienced and Talented Local Workforce
Thailand boasts a talented and experienced local workforce that is well-versed in international film productions. From skilled directors, cinematographers, and production crews to talented actors and extras, Thailand offers a vast pool of professionals who have worked on numerous international film projects. This availability of experienced talent ensures a smooth production process and facilitates seamless collaboration between international and local teams.
Government Support and Incentives
The Thai government actively supports and promotes the film industry through various initiatives and incentives. The Thailand Film Office provides assistance with location scouting, permits, and logistical support. Additionally, production companies can benefit from tax incentives, grants, and co-production treaties, further enhancing the financial appeal of filming in Thailand.
The Thailand Film Incentive program, introduced in 2018, offers cash rebates to foreign productions filming in the country. Under a revised scheme, which was approved by the Thai cabinet this year, foreign productions can receive a 20% rebate on their location activities. An additional 10% rebate is available for shoots that meet specific criteria, such as using local crew members, promoting Thai culture, and filming in lesser-known locations. The maximum rebate per film will be capped at THB 150 million ($4.5 million).
In conclusion, Thailand offers a compelling avenue for growth and innovation in the film industry. US film studios can tap into Thailand’s cinematic potential, leveraging its captivating visuals, skilled professionals, and lower production costs to create immersive and visually stunning experiences. With successful international productions already showcasing Thailand’s appeal, the country promises an exciting future for studios seeking to expand their horizons and captivate audiences on a global scale.
