The Canary Islands .-The Canary Islands Special Zone (ZEC) is making progress in its strategy which focuses on attracting international investment to the Islands from sectors with great potential such as the audio-visual sector and, in particular, animation, whose activities have the possibility of being carried out under the most competitive tax conditions in Europe, thanks to the special 4% corporate tax rate that is applied. This fact has led to many representative content production companies to operate as ZEC entities; these are companies which work from the Canary Islands on an international scale, generating added value employment and projecting the Islands as an international platform for animation. Therefore, in order to continue to make progress along these lines, the ZEC has travelled to Miami to attend the new edition of an event that has been recognised as the most important annual event in the children’s entertainment industry: the Kidscreen Summit 2020.
As part of this event, which last year welcomed more than 900 producers, creators and distributors, a series of meetings will be held with companies from all over the world, interested in the advantages of this incentive as a value offered by the Islands to promote the development of this industry which is now in full expansion. Last year, according to the information available, this summit, considered as the best business network event related to the animation industry, welcomed more than 2000 attendees from more than 50 different countries. In addition, this event brings together some of the most important key Hollywood studios in the current business environment: Cecilia Persson, VP, Programming & Content Strategy Kids EMEA, Acquisitions & Co Productions International, Cartoon Network & Boomerang International, and Orion Ross, VP Original Programming-Animation and Disney Channels EMEA. The Kidscreen Summit has strengthened all aspects of this business: strengthening family and children’s content; with new producers from Chile, Brazil, Spain, Russia and Ukraine, China, Singapore and Malaysia, and new platforms, as well as adding auxiliary multi-business companies.