RVK Studios has also expanded into TV production, which include the Internationally acclaimed TV series Trapped, The Mayor,Iceland Got Talent and Hulli (animation).
Several other series are in development, such as: Trapped 2, Katla, Hulli 2 and Eve Online, a series based on the widely popular computer game.
Special legislation has been passed in Iceland which aims "to enhance domestic culture and promote the history and nature of Iceland" by temporarily supporting motion pictures and television programmes produced in Iceland.
Reimbursements are offered for film and TV production costs incurred in Iceland. Producers can apply for reimbursements from the State Treasury of 25% of the costs incurred in the production of films and television programmes in Iceland
Production costs refers to all costs incurred in Iceland deductible from the revenues of enterprises pursuant to the provisions of the Act on Income and Net Wealth Tax.
Payments pertaining to employees and contractors are only to be included in production costs if they are verifiably taxable in Iceland.
When more than 80% of the total production cost of a motion picture or television programme is incurred in Iceland, the reimbursement is calculated on the basis of the total production cost incurred within the European Economic Area.
The reimbursement scheme does not cover production of commercials or music videos.