NominChinbat, Minister of Culture of Mongolia, andthe Mongolian National Film Council (MNFC) have welcomed several major production studios the last month on the country’s capital Ulaanbaatar. The visitors, key executives from Warner Bros.Discovery, Paramountand Netflix, were able to learn more about the up to 45% cash rebate,film benefits while they visited historical venues.
Five high-level production managers and executives visited Mongolia during mid-September, invited byNominChinbat, Minister of Culture of Mongolia, andthe Mongolian National Film Council (MNFC), which managesthe country’s film production incentives, reimbursement, and other legislative measures to support the growth of Mongolia’s film industry.
Jay Rosenwink, SVP, and Carrie Regan, VP, Global Content Production, Warner Bros Discovery; KrutinPatel, Production Manager, HBO/HBO Max; Carlos Lugo, VP, Production, Paramount Media Networks & MTV Entertainment Studios; andSonglee Lee, Production Management Manager, Netflix Korea.
Led by Minister Chinbat, the fam tour agenda included meetings with government officials and the MNFC staff, along with a tour of Mongolia’s capital city of Ulaanbaatar (pop. 1.3 million); its production facilities as well as a culture program and visits to the Mongolian countryside. Additionally, the group met with local leading Mongolian executives, award-winning artists, and production companies such as: Cineplus, NomadiaPictures, Hulegu Pictures, Guru Media, Fantastic Production, BProduction, U Film, and Hero Entertainment.
Mongolian cinema has developed rapidly with a high level of professionalism and the emergence of strong talent specializing in the art of filmmaking. Over the last five years, the Mongolian film industry has averaged 80 studio productions, employing hundreds of film industry employees. The country now has many major movie theaters and screening venues with 40 new films released per year (17 during the COVID-19 pandemic); and nearly 2 million potential moviegoers.
The core of MNFC’s mission was to develop a vibrant and creative film industry in the Asian country. The local government has been providing programs to support and encourage both domestic and global film producers who base their projects here. Global producers can apply for incentives of up to 45%, which come in the form of cash rebates, and are among the most competitive in the world (30% location incentive, 10% cultural incentive and 5% foreign talent reimbursement).
Chinbat commented: ‘We have so much to offer in terms of unique natural beauty and the large urban city of Ulaanbaatar which employs many talented film professionals and modern production facilities. We are pleased to welcome some of the world’s top studios to our country to highlight our very generous film rebates and showcase how Mongolia is open for international business and investment’.
