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Thursday, February 21, 2019

Film Closings is Expanding

Film Closings has opened an office in CHICAGO, at the nation's oldest surviving artists' studios, Tree Studios at the The Suites Collection. In Los Angeles - Film Closings Inc. has moved to SANTA MONICA.

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

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.
RTW

Right to Work is Right to Picket

The topic of Right to Work has resurfaced with IL Gov. Bruce Rauner proposing Right to Work zones throughout the state. What does this mean for Producers?

So How Much Should You Allocate to the Producer of Marketing & Distribution?

A producer recently inquired as to how much she should allocate to the producer of marketing and distribution (PMD), in her film's budget.Seriously? Another producer title?!While initially dismissive of that concept, I've actually come to terms with the viability and necessity of such a role, given the inability of most independent films to acquire distribution in the United States, which is mostly due to:

Top 10 Most Pirated Movies on BitTorrent 03-26-12

A Theatrical Screener (TS) copy being propelled into the Top 10 could bode well for 21 Jump Street's marketing team...

The Road to Hell is Paved with Hugh Jackman’s Letter of Intent

There is a smoke-and-mirrors dance producers have to perform to bring all sides to the middle, but when it comes to key talent attachments, if it’s not verifiable, it doesn’t exist.

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.

Regulation-D and Film Financing

Regardless of whether your considering an individual, a group of dentists, your at home anesthesiologist, or alternative financing models such as crowd funding, tribe funding, "donations", and pre-selling DVDs, etc., (i.e. any non-accredited investor) then you MUST consider Regulation-D of the Securities Act.The following is taken from the Securities and Exchange Commission's website:

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

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.

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.

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