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Finance Plans Archives - Film Closings

12.6 F
Chicago
Tuesday, December 7, 2021

Currency Can Kill Your Movie

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Hedging currency for a film production is one of the toughest decisions a producer makes. It’s the practice of managing losses, as opposed to capturing gains...

Why Films Under $2m Can’t Catch a Break

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Something that bigger-budget producers unknowingly take for granted is the availability of different types of financing. But any ultra low budget producer (under $2m) can tell you with frustrating familiarity that they can fit their financing structure on a postage stamp.

Divergent and the Illinois Film Tax Credit

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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.

Indie Producers Don’t Understand Tax Credits

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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.

Nicolas Chartier and the Hidden Hands Who Financed “The Hurt Locker”

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You've all heard of the indiscretion that cost Nicholas Chartier of "The Hurt Locker" his Oscar tickets. This first hand account takes an inside financing look at Nic, "The Hurt Locker", and the risky business of indie film finance.

Film Funds: It’s Not You, It’s Them

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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...

Why I Do Not Film in Michigan

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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.

Illinois Updates Film Tax Credit for Non-Resident Stars

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

Be Warned – What 2011 Means for Filmmakers

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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...

Top Independent Filmmakers, Take Finance Plans Seriously

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The following is what you'll need to calculate: (a) What your films budget is and (b) What type of capital you'll be using. 1. Budget information 2. Foreign pre-sales and estimates 3. Tax credits 4. Sources of equity 5. Gap calculation 6. Financing costs 7. Credit discounting (presales and unsold territories) 8. Bridge details 9. Worldwide costs of sales (sales agents, etc.)