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Thursday, January 21, 2021

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 Closings’ Response to Chicago Tribune & Screen

Film Closings was featured this week in a Chicago Tribune article as well as in Screen juxtaposing what others in the state were saying and rallying for when it came to the IL film incentive. This post gives a broader understanding to our view on the credit climate overall. As well as a Pop Quiz.

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...

Oscars & Financing: “A-list” isn’t “Always-List”

What does A-List mean and what effect does it have on getting a film financed? Does winning an Oscar make you an A-List star? Depends on how you define A-List.

Power to the People: The Democratization of Film

For indie filmmakers, Production is the first of the three barriers-to-entry to crumble under the weight of the masses. Finance and Distribution are next.

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.

No Dude You Can’t: Your Film’s Budget

Raise the money you need to execute your movie. If you can make it for less, great. But it's irresponsible to your investors to raise (and spend) more money than can be recouped. Not pricing your film's budget can give the impression that you and your team just stumbled out of a smoke filled van.

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