This is likely to be achieved as ‘Pirates of the Caribbean On Stranger Tides’ has been awarded a final British Film Certificate.”ĭisney was handed a total of $32.1 million (£18.8 million) from the UK tax authorities to make On Stranger Tides and it was money well spent.Īccording to the British Film Institute, the tax relief costs the UK treasury around $256 million (£150 million) annually but in terms of Gross Domestic Product (GDP) it contributes $20.50 (£12) to every $1.70 (£1) spent. The financial statements say that “the directors consider the company’s key non-financial performance indicator to be whether ‘Pirates of the Caribbean On Stranger Tides’ qualifies as a British Film under UK Film Tax Credit legislation. It explains why big ticket movies are eligible for the tax break and On Stranger Tides is no exception. The spending brought a tremendous boost to the UK economy in addition to keeping British production staff in jobs. The production staff peaked at 895 and they were paid a total of $17.8 million (£10.4 million). One of the biggest costs of making On Stranger Tides was paying the production staff and actors with Mr Depp alone believed to have received $55 million for the movie. At the period end, the estimated cost of the film was in line with its budgeted cost, and the film continued to be funded by the financiers.”
They say that “the directors consider the company’s key financial performance indicator to be whether ‘Pirates of the Caribbean On Stranger Tides’ is produced in line with the agreed budget. According to the financial statements, Disney didn’t overspend when making On Stranger Tides.
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