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Monday, October 14, 2019

Indie Producers Don’t Understand Tax Credits

Indie producers are on a relentless quest to find the elusive "final 20%" of their budgets. They've raised the equity, made the presales, maxed the gap, and still they come up 20% short. Even with a whopping 40% cash rebate! So why then are they still stumbling around trying to fill that final 20% of their budgets?! Because producers can't get out of their own way.

Divergent and the Illinois Film Tax Credit

A big studio film every few years is not sustainable. It's time for Illinois to acknowledge the resources it lacks and modify the credit to be inclusive, not exclusive, to the global industry.

Film Funds: It’s Not You, It’s Them

A lack of funding options is creating opportunities for new funds to enter the indie market; understanding their funding criteria is Job #1 for producers...

Be Warned – What 2011 Means for Filmmakers

The mantra for surviving 2011 and 2012 will be to swing for singles and doubles, not for fences. If you really know what your doing, then it's a great time to enter the film market. But if you don't...

Why I Do Not Film in Michigan

I have never recommended a producer film in Michigan, even in its heyday. Their film tax credit program has had problems on every level, from its inception.

I Know Your Financial IQ

A finance plan is the best indicator of a producer’s financial I.Q. -- it helps you see the forest through the trees. If you're financing your project with something other than friends' and family's money, or for less than a million bucks, then you can probably go without one. For anything beyond that, you're going to need one, and if it doesn't look like this......then you don't have a finance plan.

Illinois Updates Film Tax Credit for Non-Resident Stars

Somebody in Springfield must follow my blog, because it appears they're going to update the film incentive to include non-resident cast.

AFM Currency Update

Great news for the first day of the American Film Market: the GBP and the Euro are both trading high against the USD, which is elevating the AUS as well. This should stimulate early film buying.

AFM Sees Currency Gains

Good news for AFM! Foreign buyers are coming to the market with increased buying-power thanks to major rebounding from Euro, Yen, Canadian & Australian dollars.

Grandfather Your Section-181 Benefit Now

Section §181 expires at the end of 2011. If you grandfather it correctly, then your film or series (up to 44 episodes!) will remain eligible for the benefits indefinitely.

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