Board of General Commission of Audiovisual Media Approves Exempting Locally-produced Films of the Financial Charge

  • 2/5/2023
  • 04:51
  • 11
  • 0
  • 0
news-picture

Riyadh, Apr. 11, 2021, SPA -- The Board of General Commission of Audiovisual Media held its 14th meeting today under the chairmanship of the Minister in Charge of the Ministry of Media Dr. Majid bin Abdullah Al-Qasabi, who is also Chairman of the board. During the meeting, approving amending the regulation of cinema shows has taken place, to make it furthermore flexible, in a way that contribute to enhancing the sector, facilitating and supporting local filmmakers, artists and local content developers, through endorsing the exemption of locally-made films of any financial charge on the tickets, at all showrooms, across the regions of the Kingdom of Saudi Arabia. The board also approved decreasing the financial charge deducted for the commission on each ticket into three categories of 15%, 10% and 5%, respectively, instead of the previously deducted 25% general financial charge, to enable development of the cinema industry and consolidate its reach-out to the citizens as well as the residents, in addition to make it easier for the investors. --SPA 21:34 LOCAL TIME 18:34 GMT 0044 www.spa.gov.sa/w1540159

مشاركة :