Iceland getting too expensive for film?

'Oblivion' with Tom Cruise filmed in Iceland.

'Oblivion' with Tom Cruise filmed in Iceland.

Rising prices in Iceland could affect the country’s booming film industry, according to a leading player in the film business.

While labour costs are still competitive with the likes of the United States and the United Kingdom, higher prices in other areas are a concern for the Icelandic film industry.

This is according to Leifur B. Dagfinnson, Chairman of Truenorth, the Icelandic production company responsible for securing a number of big international film projects for Iceland in recent years.

Speaking to Icelandic daily Morgunblaðið, Dagfinnson says that these star-studded projects have brought billions of ISK in revenue to Iceland.

Such work may, however, be put in jeopardy in the future by rising costs. While labour costs remains competitive in Iceland, other types of expenditure are reaching the “pain threshold”, such as food, accommodation, cars and other transport.

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