Netflix Number One Action Movie costs only $ 170 million to make

“Union” was hit on Netflix despite the bad review of the review

Netflix

It is difficult to find a movie that is topped on a chart that costs less than $ 250 million to make it, and even find the one who entered under the budget. Netflix revealed yesterday that both feats have managed to get out with the same film.

Netflix made its name with his turning of the original. So much so even films that are not highly rated can climb on his cards quickly, especially if they have a list. It describes perfectly UnionAnd an action thriller of 2024. Year in relation to Mark Vahlberg and Halle Berry.

Vahlberg Game of the construction worker from Jersey who recruited into a secret spy organization of berries, its secondary school dear. His plot for cutting cookies came from the nineties, so it was a little surprise that many critics thought it was outdated.

It was only a faded, only 36% on the inspection of the rotten tomato aggregators, while the audience was even evaluated by 24%. Exceptionally, it did not prevent from becoming a blockbuster.

Union Ranked in 10 best in 93 countries and on top is Netflix charts two consecutive weeks. In the first week, he attracted a huge 33.1 million opinions and, against all chances, he received 40 million a week after that. It’s surprisingly not expensive costs Netflix.

The costs of making movies in the United States is usually closely kept secret because studies combine the costs of separate images in total costs and do not adjust the costs of each. It is a different story for movies made in the United Kingdom Union.

The film was partially shot at H Shepperton Studios in Surrei, about an hour southwest of London. There was achieved there as a result of a contract that Netflix hit in 2019. years for renting large parts of Shepperton, creating the amount of production in the UK for Streamer. It didn’t just do because of space.

Studios recording in the UK benefit from government audio-visual expenses (AVEC) that gives them cash compensation to 25.5% of money spending in the country. Comes with the breakfast.

In order to qualify for compensation, movies must pass a test point based on factors such as lead actors from the UK and how much work works ended there. In addition, at least 10% of their basic costs should apply to activities in the UK and to demonstrate the government, studies set a special company for film production (FPC) for each image.

This accelerates the curtain as much as it costs to make movies as each FPC must submit annual financial statements. It takes a little detective work to get to the bottom of them.

The FPC usually have code names so that they do not attract fans at the latest film licenses on site. Covering the products with productions responsible for the necessary deep industry that my colleague and I built almost 15 years of reporting. We are the only journalists around the world who specialize in covering financial statements for the production of broadcasting companies for national media and reported more than 10 leading titles including London times, Guardian, Daily telegraph, Independent and the London Evening Standard.

Once the code names are properly set with movies, the financial statements of the corresponding FPC can be consulted to reveal how much the movie costs. That is because Conditions From the state of compensation that each FPC must be “responsible for pre-production, main photography / filming and post-production film; and for the delivery of the completed film”. In short, FPC financial reports must show the entire costs of production, and not only those incurred in UK Studios are not allowed to hide costs in other companies, because terms also cite “can exist only one FPC in connection with the film.”

“Union” was mostly recorded in the UK

Netflix

Cryptic, netflix branch behind Union It is called crumbs and, as with all the companies in the UK, its financial statements are released in phases for a long after period related to that. This starts during pre-production and continues after the premiere to provide a time team to ensure that all accounts are paid.

Explains why the latest submissions cover the period until 31. December 2024, four months after the debuded film. The company’s earnings report shows that a total of $ 169 million (£ 140.4 million) in production in which it says is “less than budget costs”.

One of his biggest individual costs was $ 10.3 million (£ 8.7m), which was spent on staff who reached superior on average 153 people. This does not include freelancers, performers and temporary workers because they are not listed as employees in the books in the UK, but often represent most crews on reducing film. However, that is not the end of the story, because government compensation had a magical touch at the bottom of the image.

The compensation is limited to 80% of basic costs to return a maximum of 25.5% of money implemented in the UK, manufacturing companies must ensure that at least 20% of their basic costs are spent abroad. Netflix used it full as Union It was also shot in Croatia, where it benefited from the rebate program in the country and hired local workers.

The UK has not only become a popular recording location due to the high level of its compensation, but also because there is no restriction in the amount that can be paid. That’s not all.

In addition to the recent consumption in the UK, the study can also get a passerver compensation What are known as neutral costs in all production, such as insurance and payment to high manufacturers, writers and directors.

These costs can be requested in proportion to the amount of activities in the UK, for example, if consumption only represents 22% of the total budget, then 22% of neutral costs will also qualify for compensation. Consequently, the level of compensation can be entered near a third of the total costs which is astonishing amount.

The Making Report for Protection for Production shows that the next year’s total total $ 35 million (£ 29 million) is the next year. This comes up to 20.7% of total costs and brings net wear in a movie to $ 134 million. The advantage of the UK Government is even greater than that.

The latest data from the British Film Institute (BFI) show that 2019 years every 1.31 (£ 1) compensation generated by $ 10.88 (£ 1.38) Additional gross additional values ​​added (GVA) to a large extent. It led to a total of $ 10.1 billion (7.7 billion pounds) in GVA, which is generated by fiscal film incentives in 2019. years.

Published in December 2021. year, BFI business report was found between 2017 and 2019. Fiscal stimulates Studios generated a record of $ 17.7 billion (13.5 billion) in the UK economy and created more jobs and created more jobs than ever before.

In 2019, 37,685 jobs in London and 7,775 in the United Kingdom were added to considering the broader influence of the value of the film in London in London in London in 2019 and 19,085 in London in London in London in London in London

In February, BFI published its latest annual data that showed that foreign studies have contributed around 87% in the amount of $ 2.6 billion ($ 2.1 billion) in making movies 2024. Years. Between 2020 and 2023. Netflix invested almost $ 6 billion in exhibitions and films in the UK there. However, it remains to be seen as much as the economy in the UK will continue to attract American studies away from their home country.

In May, President Trump rocked Hollywood with announcement that 100% tariffs in the United States were produced in the “foreign country” will be entered on films. It was an attempt to return the film to the United States and though it was yet to be implemented, it was still on the agenda.

Trump’s Special Adviser, actor Jon Voight, recently discovered that 120% of tariffs on film and television and reinforced federal and state tax incentives was discussed in the White House. Unless the Trump arises with this threat to force the studio in the US, he will need to take out the red carpet with incentives for them to compete with UK