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Foundation series wins up to €30m in tax reliefs

Sci-fi show is one of largest ever TV productions to take place here

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Foundation is to air on Apple TV+ and is one of the largest productions made here

Foundation is to air on Apple TV+ and is one of the largest productions made here

Foundation is to air on Apple TV+ and is one of the largest productions made here

THE €45m Foundation series being shot in Limerick was one of the big winners this year in Revenue tax reliefs for the movie and TV industry.

That is according to figures from Revenue which show that production company, Wild Atlantic Pictures Ltd has qualified for the Revenue’s Section 481 tax reliefs ranging from €10m to €30m for the production

The series, based on the books by Isaac Asimov, is one of the largest ever TV productions to take place here and employs more than 500 production staff.

Jared Harris – who won awards for his lead role in Chernobyl – is playing Hari Seldon in the 10-part series which is being shot at Troy Studios in Limerick.

The Revenue figures show it has granted tax reliefs of between €5m to €10m alone for the pilot episode of the series which is to be shown on streaming service Apple+ TV.

The Foundation series is just one of a number of productions that Wild Atlantic Pictures has secured tax reliefs over the past three years.

In 2018, the company secured tax reliefs for between €10m and €30m for the TV adaptation of George R.R. Martin’s Nightflyers, which was first broadcast on the US channel SyFy.

This year, the company has also secured tax reliefs of between €5m and €10m for FATE: Winx Club Saga and tax reliefs between €2m and €5m for the Green Knight. The most recent accounts for Wild Atlantic Pictures Ltd show that it recorded revenues of €48m in 2018 from production income. Numbers employed total 181 as staff costs topped €13m.

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It made a profit of €24,085.


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