The US-owned production company behind Daniel Craig\u2019s upcoming \u201cKnives Out\u201d movie bagged a $41 million handout from the UK government in exchange for using London to shoot scenes that depict a leafy suburb in New York, The Post has learned.<\/p>\n
Revealed in little-noticed UK filings, the massive subsidy offers a rare window into how governments overseas are luring away big US movie productions \u2013 a devastating trend for Hollywood that has lately sparked threats of tariff-fueled retaliation from President Trump<\/a>.<\/p>\n Britain\u2019s blockbuster incentives slashed the total bill for Netflix\u2019s \u201cWake Up Dead Man: A Knives Out Mystery\u201d to $151.7 million, according to filings with the British companies register. That\u2019s versus a total tab of $192.7 million \u2013\u00a0 an outsize figure even by Hollywood standards which nevertheless was \u201cin line with the production budget,\u201d according to the filings.<\/p>\n A scene from the Netflix\u2019s \u201cWake Up Dead Man: A Knives Out Mystery\u201d starring Daniel Craig. John Wilson\/Netflix<\/p>\n The $41 million subsidy came courtesy of the UK\u2019s Audio-Visual Expenditure Credit, which gives film and high-end TV productions a cash reimbursement of 25.5% on their eligible UK production expenditures.<\/p>\n The aggressive wooing has aroused the ire of Trump, who vowed in May that a 100% tariff will be applied to movies entering the US that are produced in \u201cforeign lands\u201d.<\/p>\n While Trump hasn\u2019t followed through, he reiterated the threat last month. In response, Hollywood moguls and stars including Jon Voight have asked the president to instead consider US tax incentives that would put Hollywood on more competitive footing.<\/p>\n The number of shooting days in Los Angeles last year was down 35.7% versus 2019, making it one of the least productive years since 1995, according to the permit issuing office FilmLA. The outlook hasn\u2019t improved since the end of last year.<\/p>\n Britain\u2019s blockbuster incentives slashed the total bill for the film to $151.7 million ANDY RAIN\/EPA\/Shutterstock<\/p>\n Hollywood moguls and stars including Jon Voight have asked the president to instead consider US tax incentives that would put Hollywood on more competitive footing. Getty Images for ICT<\/p>\n