Rebates, Stages and a solid financial base have turned a once-sleepy community into a production powerhouse.
The Panama Film Fest recently occurred between April 3-9, 2014 - which reminded us when we had the opportunity to act as “extras” in the movie filmed in Panama called “Hands Of Stone” – See, I was acting as a North American Student in one of the scenes, while my brother Remington was acting with Robert DeNiro drinking beers in one of our favorite bars called “The Londoners” located in Calle Uruguay.
Want to invest in the Film Industry in Central America?
Heres an informative article we found in the web.
Panama City: The Booming Business Hub of Central America
A new film hub has suddenly emerged in Central America. Just as its skyline has morphed dramatically in the space of a few years, Panama, sometimes known as the Dubai of the West, has upped the ante on production, offering a 15% cash rebate to foreign shoots and a studio complex and media center set to break ground by late 2014.
All the construction workers toiling on the skyscrapers in Panama City could easily learn to put up film sets, says location manager Sam Tedesco, who has partnered with producer Jonathan Sanger (“Vanilla Sky”) and NY-based business executive Michael Wilson to build the tentatively dubbed Panama Media Center. Initial plans include four soundstages and office spaces on 20 to 30 acres of land. Tapping both local and international investors, the upcoming facility will cost between $25 million and $50 million to build, according to Sanger, who grew up in Panama.
“Panama is the real hub for Latin America,” Sanger claims. “It has a world-class international airport, no currency exchange issue and stability.” The objective, he adds is to train locals in all aspects of filmmaking.