Film and Audiovisual Industry estimate an investment of +US$600 million in CDMX at the end of 2022

The Government of Mexico City presented the Statistical Filming Yearbook (CFILMA – Anuario Estadístico de Filmaciones) under the name “The future of the audiovisual industry”, with the support of the Filming Commission and the Ministry of Culture, highlighting the more than US$550 million (11 billion pesos) of investment, which represents an increase of 49% compared to 2020. It is expected that by the end of 2022 this amount will exceed US$600 million.

These figures were announced during an event held by the Government of Mexico City, hosted by Claudia Sheinbaum, head of government, who was joined by Fernando de Fuentes, President of Canacine and founder of Ánima Estudios; Epigmenio Ibarra, CEO of Argos Communications, and the head of the CDMX Filming Commission, Guillermo Saldaña.

Also last year, the authorities granted 7,018 permits, 2,732 for the production of series, 1,522 for commercials, 1,373 for television, 1,219 for cinema, and 172 for others. Therefore, CFILMA generated +30 million pesos in economic income.

In 2021, 1,054 projects were filmed in CDMX, a 100% growth compared with 2020 when 525 projects were developed.

Sheinbaum highlighted that their plan of building an “Innovative City of Rights” (Ciudad Innovadora y de Derechos) has also resulted in making CDMX the center of the creative industry in the country and in Latin America, generating 104,508 direct jobs.

It was announced that the Film and Video Industry in CDMX attracted a foreign direct investment of US$21.4 million: “The weight of the economy of the city of the Information Services, that brings together mass media, including the Film and Video Industry, already represents 11.2% of the city’s GDP, also has been growing for nine consecutive months at higher levels than those prior to the pandemic.

“We are one of the most important cities in Latin America for filming,” said Luz Elena González, Secretary of Administration and Finance.