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Sunday, January 19, 2020

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.

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.

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.

Currency Woes – Why the Weak Dollar Is Helping and Hurting Hollywood

A week dollar is great for US producers looking to secure foreign pre-sale contracts, but it can also work against US producers looking to shoot abroad.

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...

The IL Film Tax Incentive: Don’t Kid Yourself, Studios Aren’t Moved By It

It may surprise Chicagoans to hear, but Movie Studios don’t care about the Illinois tax incentive. In general, the only studio films that come to Illinois are those that have already established themselves with the "Cheaper than New York to film" Chicago look, like 'The Dark Knight', or those films that actually need Chicago, ‘Public Enemies’...

First Republic Bank Creates New Entertainment Division

Heading up the new division are Bank Leumi veterans Melanie Kinsky, Mandie Rush, and Wendy Moore. Melanie will head-up the Film & Media Finance division, with support from Rush and Moore.

Highlights From The 3rd Annual Film Finance Forum: Part 1

The 3rd Annual Film Finance Forum concluded this week and has become the preeminent financial gathering of its kind. One thing that sets this forum apart is...

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.

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