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- The financial filings in the UK indicated a total expenditure of around 1 billion British pounds, equivalent to about $1.3 billion USD at the time of production, before any tax credits.
This discrepancy suggests that Disney's official figures significantly understated the true investment in these projects, likely for strategic or accounting reasons.
Tax Credits and Reimbursements
The UK government’s film incentive policies allowed Disney to claim upfront about 25% of qualified UK spending as tax credits, reducing net costs. From the financial filings:
The films received approximately $43 million USD in UK film tax credits.
After accounting for these credits, the net expenditure was roughly $960 million, still higher than the initially reported $700 million.