Hollywood studios win as European countries vie for U.S. production dollars
In "Mission: Impossible - Fallout," the upcoming sixth installment of Paramount's action franchise, Ethan Hunt (Tom Cruise) travels to Paris where he engages in vehicular mayhem on the city's narrow streets, dangles from the ceiling of the Grand Palais and guns his motorcycle around the Arc de Triomphe.
Hollywood loves a working European vacation. It also loves the financial incentives that European countries dole out to draw foreign movie and TV productions to their shores. "M:I 6," which opens July 27, not only received tax credits from the French government but also qualified for British incentives for shooting in the London area.
The competition for Hollywood production dollars is heating up as countries including France, Germany and Portugal have sweetened their rebates and credits, hoping to reverse the tide of U.S.
