Hollywood hosts a lucrative business. This much is obvious. The film industry generates nearly $11 million of domestic revenue in the states, and that represents box office sales only. It’s one of the most powerful industry’s in the world, and Hollywood is the capital.
But while Hollywood serves as the world’s film hub, other cities across the globe are imitating its bright lights and allure as the land of opportunity. Everyone has big dreams, but the distance between a dreamer and Hollywood can be unrealistic. Dreams are quickly crushed as travel costs begin to rack up, weighing so heavily on your hopes and aspirations that you give up and settle for a less glamorous life. Luckily for Argentines, however, a new Hollywood will soon sit right in their backyard.
President Cristina Fernandez announced that Argentina will build its own film industry hub modeled after Hollywood on an island south of Buenos Aires, Global Post reports.
The initial studios will be built on Demarchi Island, which currently hosts various abandoned industrial complexes. In addition to the new studio, Fernandez will raise the limit on Argentine film subsidies from $648,000 to $1.2 million. The president hopes her tactics will attract private developers to the project, which will be a business incubator called “Polo Audiovisual.”
"Just like they do it in Hollywood, where support for the industry has made it possible for its content to become almost universal, we want our values and culture in Argentina to have this kind of development," Fernandez said, according to the Associated Press.
Argentina’s film industry has been impressive in the past, especially in comparison to its neighboring countries. Fernandez claims that Argentina is the world’s fourth largest exporter of audiovisual content with the hopes of climbing up the ranks in the coming years.
Hollywood in a Latin American country. What could be better?
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