IBOV 174,014.45 ▼ 1.13% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,222,931 ▼ 2.08% COLCAP 2,267.96 ▼ 1.05% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.45% USD/MXN17.43▲ 0.28% USD/CLP927.20▲ 0.13% USD/COP3,225▼ 1.06% USD/PEN3.40▲ 0.42% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.30▲ 0.09% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.01% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.46% BRENT 84.32 ▼ 0.74% WTI 78.33 ▼ 1.60% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.25% GOLD 3,991 ▼ 1.31% SILVER 56.07 ▼ 1.83% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.77 ▼ 3.22% PETR4 40.46 ▼ 0.32% VALE3 72.70 ▼ 2.43% ITUB4 42.54 ▼ 1.39% BBDC4 18.36 ▼ 1.29% ABEV3 15.70 ▲ 0.83% BBAS3 20.55 — 0.00% B3SA3 15.35 ▼ 2.17% WEGE3 43.28 ▼ 2.21% PRIO3 57.43 ▼ 0.12% SUZB3 41.99 ▲ 1.23% RENT3 39.03 ▼ 3.27% AZZA3 18.61 ▼ 0.27% CSAN3 3.90 ▼ 0.76% RAIZ4 0.30 ▲ 3.45% PCAR3 2.67 ▲ 1.91% GMAT3 3.93 ▼ 1.26% PSSA3 55.12 ▼ 0.18% CVCB3 1.37 ▲ 2.24% POSI3 3.89 ▼ 1.52% SLCE3 13.61 ▲ 0.81% NATU3 8.64 ▼ 0.35% BRKM5 6.19 ▼ 3.43% RANI3 8.06 ▲ 1.00% CSNA3 5.14 ▼ 1.91% CMIN3 5.46 ▲ 4.20% USIM5 8.08 ▼ 1.46% GGBR4 23.93 ▼ 1.12% ENEV3 26.00 ▼ 3.53% CPFE3 46.75 ▼ 0.17% CMIG4 10.99 ▼ 1.44% EQTL3 39.68 ▼ 1.61% LREN3 13.75 ▼ 2.48% VIVT3 35.62 ▲ 0.42% RAIL3 13.98 ▼ 0.64% KLABIN 17.47 ▲ 0.46% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.72 ▼ 0.81% HAPV3 10.91 ▼ 0.73% FLRY3 16.35 ▼ 0.97% SMTO3 15.78 ▲ 1.61% UGPA3 31.79 ▲ 2.22% VBBR3 34.44 ▲ 2.04% BBSE3 41.06 ▲ 0.86% BPAC11 56.28 ▼ 1.33% CURY3 31.57 ▼ 3.54% AERI3 2.03 ▲ 0.50% VIVARA 23.33 ▼ 0.81% COMPASS 24.78 ▼ 1.31% VAMOS 3.16 ▲ 1.28% SANB11 26.89 ▼ 0.41% ASAI3 8.45 ▼ 2.42% SBSP3 29.46 ▼ 1.73% WALMEX 49.34 ▼ 0.72% GMEXICO 200.00 ▼ 0.10% FEMSA 224.90 ▲ 0.73% CEMEX 22.82 ▲ 0.88% GFNORTE 179.96 ▼ 1.91% BIMBO 58.45 ▲ 1.62% TELEVISA 9.64 ▲ 0.84% AMX 22.90 ▲ 0.44% GAP 390.25 ▼ 1.72% ASUR 281.11 ▼ 0.83% OMA 231.77 ▼ 1.46% KOF 178.86 ▲ 1.07% GRUMA 285.44 ▲ 1.46% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,775 ▼ 0.99% GGAL 7,925 ▼ 3.41% PAMPA 5,135 ▼ 2.00% TXAR 666.00 ▼ 0.75% ALUAR 945.00 ▼ 1.51% TGS 9,545 ▼ 2.10% CEPU 2,280 ▼ 2.73% MIRGOR 16,700 ▼ 1.62% COME 44.91 ▼ 1.58% LOMA NEGRA 3,620 ▲ 0.21% BYMA 299.00 ▼ 1.64% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.96 ▼ 0.16% BANCOLOMBIA 79.45 ▼ 2.58% GRUPO AVAL 5.01 ▼ 0.50% CREDICORP 389.07 ▼ 2.29% SOUTHERN COPPER 175.44 ▼ 3.36% BUENAVENTURA 30.09 ▼ 2.02% MERCADOLIBRE 1,853 ▲ 0.51% NUBANK 13.86 ▼ 0.18% XP 16.71 ▼ 0.95% PAGSEGURO 9.18 ▼ 0.38% STONE 11.25 ▼ 0.27% GLOBANT 33.13 ▲ 3.60% TECNOGLASS 47.25 ▲ 3.45% GAP AIRPORT 224.03 ▼ 1.66% ASUR 281.11 ▼ 0.83% OMA AIRPORT 106.50 ▼ 1.30% AMX ADR 26.22 ▲ 0.42% FEMSA ADR 129.07 ▲ 0.23% CEMEX ADR 13.14 ▲ 0.50% PETROBRAS ADR 17.65 ▼ 1.17% VALE ADR 14.21 ▼ 3.17% ITAU ADR 8.30 ▼ 1.75% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.02 ▼ 1.46% GERDAU 4.71 ▼ 1.98% LATAM ADR 53.39 ▼ 2.71% BTC 64,142 ▼ 0.88% ETH 1,872 ▼ 2.33% SOL 75.48 ▼ 2.31% XRP 1.09 ▼ 2.11% BNB 574.83 ▼ 0.91% ADA 0.16 ▼ 1.76% DOGE 0.07 ▼ 1.06% AVAX 6.56 ▼ 2.03% LINK 8.37 ▼ 1.89% DOT 0.85 ▲ 0.78% LTC 45.20 ▲ 0.17% BCH 222.75 ▼ 0.18% TRX 0.32 ▼ 0.44% XLM 0.19 ▲ 0.62% HBAR 0.07 ▼ 0.61% NEAR 2.04 ▼ 1.41% ATOM 1.53 ▼ 1.71% AAVE 92.28 ▼ 3.70% SELIC 14.25% EMBRAER 82.10 ▼ 0.30% EMBRAER ADR 64.21 ▼ 1.06% JBS 12.09 ▼ 0.08% JBS BDR 61.85 ▲ 0.68% MBRF3 15.20 ▼ 1.30% MBRFY 2.98 ▲ 3.83% INTER 5.50 ▼ 2.14% IBOV 174,014.45 ▼ 1.13% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,222,931 ▼ 2.08% COLCAP 2,267.96 ▼ 1.05% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.45% USD/MXN 17.43 ▲ 0.28% USD/CLP 927.20 ▲ 0.13% USD/COP 3,225 ▼ 1.06% USD/PEN 3.40 ▲ 0.42% USD/ARS 1,475 ▼ 0.07% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.30 ▲ 0.09% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.01% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.46% BRENT 84.32 ▼ 0.74% WTI 78.33 ▼ 1.60% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.25% GOLD 3,991 ▼ 1.31% SILVER 56.07 ▼ 1.83% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.77 ▼ 3.22% PETR4 40.46 ▼ 0.32% VALE3 72.70 ▼ 2.43% ITUB4 42.54 ▼ 1.39% BBDC4 18.36 ▼ 1.29% ABEV3 15.70 ▲ 0.83% BBAS3 20.55 — 0.00% B3SA3 15.35 ▼ 2.17% WEGE3 43.28 ▼ 2.21% PRIO3 57.43 ▼ 0.12% SUZB3 41.99 ▲ 1.23% RENT3 39.03 ▼ 3.27% AZZA3 18.61 ▼ 0.27% CSAN3 3.90 ▼ 0.76% RAIZ4 0.30 ▲ 3.45% PCAR3 2.67 ▲ 1.91% GMAT3 3.93 ▼ 1.26% PSSA3 55.12 ▼ 0.18% CVCB3 1.37 ▲ 2.24% POSI3 3.89 ▼ 1.52% SLCE3 13.61 ▲ 0.81% NATU3 8.64 ▼ 0.35% BRKM5 6.19 ▼ 3.43% RANI3 8.06 ▲ 1.00% CSNA3 5.14 ▼ 1.91% CMIN3 5.46 ▲ 4.20% USIM5 8.08 ▼ 1.46% GGBR4 23.93 ▼ 1.12% ENEV3 26.00 ▼ 3.53% CPFE3 46.75 ▼ 0.17% CMIG4 10.99 ▼ 1.44% EQTL3 39.68 ▼ 1.61% LREN3 13.75 ▼ 2.48% VIVT3 35.62 ▲ 0.42% RAIL3 13.98 ▼ 0.64% KLABIN 17.47 ▲ 0.46% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.72 ▼ 0.81% HAPV3 10.91 ▼ 0.73% FLRY3 16.35 ▼ 0.97% SMTO3 15.78 ▲ 1.61% UGPA3 31.79 ▲ 2.22% VBBR3 34.44 ▲ 2.04% BBSE3 41.06 ▲ 0.86% BPAC11 56.28 ▼ 1.33% CURY3 31.57 ▼ 3.54% AERI3 2.03 ▲ 0.50% VIVARA 23.33 ▼ 0.81% COMPASS 24.78 ▼ 1.31% VAMOS 3.16 ▲ 1.28% SANB11 26.89 ▼ 0.41% ASAI3 8.45 ▼ 2.42% SBSP3 29.46 ▼ 1.73% WALMEX 49.34 ▼ 0.72% GMEXICO 200.00 ▼ 0.10% FEMSA 224.90 ▲ 0.73% CEMEX 22.82 ▲ 0.88% GFNORTE 179.96 ▼ 1.91% BIMBO 58.45 ▲ 1.62% TELEVISA 9.64 ▲ 0.84% AMX 22.90 ▲ 0.44% GAP 390.25 ▼ 1.72% ASUR 281.11 ▼ 0.83% OMA 231.77 ▼ 1.46% KOF 178.86 ▲ 1.07% GRUMA 285.44 ▲ 1.46% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,775 ▼ 0.99% GGAL 7,925 ▼ 3.41% PAMPA 5,135 ▼ 2.00% TXAR 666.00 ▼ 0.75% ALUAR 945.00 ▼ 1.51% TGS 9,545 ▼ 2.10% CEPU 2,280 ▼ 2.73% MIRGOR 16,700 ▼ 1.62% COME 44.91 ▼ 1.58% LOMA NEGRA 3,620 ▲ 0.21% BYMA 299.00 ▼ 1.64% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.96 ▼ 0.16% BANCOLOMBIA 79.45 ▼ 2.58% GRUPO AVAL 5.01 ▼ 0.50% CREDICORP 389.07 ▼ 2.29% SOUTHERN COPPER 175.44 ▼ 3.36% BUENAVENTURA 30.09 ▼ 2.02% MERCADOLIBRE 1,853 ▲ 0.51% NUBANK 13.86 ▼ 0.18% XP 16.71 ▼ 0.95% PAGSEGURO 9.18 ▼ 0.38% STONE 11.25 ▼ 0.27% GLOBANT 33.13 ▲ 3.60% TECNOGLASS 47.25 ▲ 3.45% GAP AIRPORT 224.03 ▼ 1.66% ASUR 281.11 ▼ 0.83% OMA AIRPORT 106.50 ▼ 1.30% AMX ADR 26.22 ▲ 0.42% FEMSA ADR 129.07 ▲ 0.23% CEMEX ADR 13.14 ▲ 0.50% PETROBRAS ADR 17.65 ▼ 1.17% VALE ADR 14.21 ▼ 3.17% ITAU ADR 8.30 ▼ 1.75% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.02 ▼ 1.46% GERDAU 4.71 ▼ 1.98% LATAM ADR 53.39 ▼ 2.71% BTC 64,142 ▼ 0.88% ETH 1,872 ▼ 2.33% SOL 75.48 ▼ 2.31% XRP 1.09 ▼ 2.11% BNB 574.83 ▼ 0.91% ADA 0.16 ▼ 1.76% DOGE 0.07 ▼ 1.06% AVAX 6.56 ▼ 2.03% LINK 8.37 ▼ 1.89% DOT 0.85 ▲ 0.78% LTC 45.20 ▲ 0.17% BCH 222.75 ▼ 0.18% TRX 0.32 ▼ 0.44% XLM 0.19 ▲ 0.62% HBAR 0.07 ▼ 0.61% NEAR 2.04 ▼ 1.41% ATOM 1.53 ▼ 1.71% AAVE 92.28 ▼ 3.70% SELIC 14.25% EMBRAER 82.10 ▼ 0.30% EMBRAER ADR 64.21 ▼ 1.06% JBS 12.09 ▼ 0.08% JBS BDR 61.85 ▲ 0.68% MBRF3 15.20 ▼ 1.30% MBRFY 2.98 ▲ 3.83% INTER 5.50 ▼ 2.14%
since 2009
Thursday, July 16, 2026

Brazil Business - Brazil

São Paulo City to Give Cash Rebates to Foreign Movie Production Crews

By · December 13, 2019 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

SÃO PAULO, BRAZIL – The city of São Paulo has announced a program that will give cash rebates, up to US$2.5 million of production costs, to those filmmakers who use the city as one of their filming locations or mention the city as one of its main characters or destinations.

Brazil,São Paulo city has been used as a location shoot for more than 3,300 movies and series.
São Paulo city has been used as a location shoot for more than 3,300 movies and series, photo internet reproduction.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

According to officials, São Paulo city is the ideal location for all types of films and productions. This is a pioneer initiative in Brazil that further consolidates São Paulo’s position as a global hub of film production.

“Due to its infrastructure, architecture and cultural and ethnic-racial diversity, the city is fully prepared to host major international film productions. São Paulo can be everything. It is a chameleon city and can be set in the past, have contemporary or even futuristic landscapes and scenery,” said Spcine (São Paulo City’s Film Commission) president, Laís Bodanzky, last week during the announcement.

The program calls for the reimbursement of between 20 and 30 percent of the total amount of production and post-production cost spent in the city.

According to Bodansky, the reimbursement will be given to international productions, Brazilian productions with international distribution potential, as well as international advertising campaigns, completely or partially filmed in the city.

The projects must spend in the city a minimum of R$2 million (approximately US$ 500,000) per feature and are required to be produced through a local production company.

Brazil,Actor Keanu Reeves during a production shoot in São Paulo city.
Actor Keanu Reeves during a production shoot in São Paulo city, photo internet reproduction.

The cash rebate program will finance up to R$10 million (approx. U$ 2,5 million) for each production.

The program will also partially fund scripts of international production houses, that include São Paulo in the narrative and/or a São Paulo character, without the piece necessarily being filmed or produced in the city.

According to Spcine, São Paulo city is the second most popular audiovisual production destination in Latin America. From January through August of 2019 over 1,800 requests for production shoots were received by officials, with over US$87 million being injected into the city.

To make it easier for producers to choose locations around the city, Spcine, the second largest public audiovisual entity in Latin America, has created an app featuring images from over 400 locations to be used as backdrops, and shows several scenes shot in particular areas of the city.

Another initiative announced is the Latin American Film Incentive Award. This is Spcine’s first international public announcement focused on post production and will fund feature films and animations.

The initiative will have a total investment of approximately US$120,000 in at least three awards, up to US$40,000 each, to provide services. At least one award will be given for a Brazilian feature film and at least two for Latin American feature films. Winners must perform post-production services in the state capital.

Brazil,Some of the episodes of award-winning series Black Mirror were filmed in São Paulo city.
Some of the episodes of award-winning series Black Mirror were filmed in São Paulo city, photo internet reproduction.

“Brazil’s financial, technological and cultural capital, São Paulo represents twenty-five percent of Brazil’s film market share. The municipal incentive policy seeks to promote social, economic, tourist and cultural development of the municipality, generating jobs and attracting investment to the city,” says São Paulo mayor, Bruno Covas.

According to officials this is a pioneer initiative in Brazil that further consolidates São Paulo’s position as a global hub of film production.

Data from 2018 Spcine shows that over 40 percent of all production companies in Brazil are based in São Paulo state. The data also shows that last year the city hosted more than 20.4 million spectators in its cinema theatres, totaling box office revenues of over US$101.2 million.

Since Spcine’s creation in 2016 more than 3,300 productions, both domestic and foreign, have been filmed in the city and generated more than R$1.6 billion in revenues for São Paulo, including episodes of series such as Black Mirror, 3%, The Mechanism and Sense8. Actors and producers of Netflix’s latest series, The Conquest, produced by actor Keanu Reeves, were in town earlier this month to shoot scenes in the city’s center.

With this new program, the city hopes to attract more audiovisual productions to the city.

“The diffusion of audiovisual is one of the strategic movements of the São Paulo Capital of Culture program. The pioneering spirit of this incentive action will further increase the interest of the international audiovisual industry in our city,” concludes São Paulo City Culture Secretary, Alexandre Youssef.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.