Ireland

Economic Analysis of the Audiovisual Sector in the Republic of Ireland

• The audiovisual and radio sectors contributed over €1 billion in Gross Value Added (GVA) to the Irish economy in 2016, with Film, TV, and animation accounting for the largest share at €692 million.
• The sectors generated an estimated €191 million in export earnings for Ireland in 2016, primarily from film, television, and animation. Inward production of live-action films and TV programs alone contributed €123.3 million to these export earnings.
• Irish animation studios earned an estimated €48.2 million from foreign clients in 2016, representing 74% of their total turnover.
• The Section 481 Tax Relief is crucial for the Irish film and TV industry, enabling local projects, attracting international co-productions, and making Ireland competitive for high-budget inward investment. Its future beyond 2020 requires clarification.
• Ireland faces a shortage of studio capacity, hindering both inward investment and domestic productions. Existing facilities are often booked, too small, or lack local crew support, increasing costs and limiting growth.