Madrid Content City Lays First Stone for Five More Studios, Film-TV Campus
Secuoya Group president Raul Berdonés and Madrid region politicians laid a symbolic stone Tuesday morning for Phase II and III of construction on. Built around the Secuoya Studios north of Madrid which already house Netflix’s first European Production Hcub, MCC weighs in as one of the most ambitious studio, education and leisure complexes in Europe.
Phase II of MCC is scheduled to end in June 2021, with Phase III finalizing second half 2021, the Campus adding 699,654 square feet to Madrid Content City and concluding its construction. In Spain’s Canary Islands, the tax breaks are 2o percentage points higher, reaching an extraordinary 50%, the highest rate of deduction in the world.
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