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Friday, September 17, 2021

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.

AFM Currency Update

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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.

URGENT: 2 weeks to Grandfather Your Section-181-Benefit

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We are fast approaching the end of the year and that means you have two weeks left to grandfather your Section-181 benefit.
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Section 181 is Back! Again! and Again!

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SECTION 181 is back! Everybody's favorite on-again, off-again federal film funding incentive is back.

US House Passes Important Crowdfunding Legislation

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The U.S. House overwhelmingly passed its first significant crowdfunding legislation, allowing entrepreneurs to crowdsource up to $2 million per year.

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...

The New ABC of California Corporations

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There are two brand new corporations that could be kind of cool for socially-conscious filmmakers: They are the “B Corp.” and the “Flexible Purpose Corp.”

Film Closings’ Response to Chicago Tribune & Screen

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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.

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

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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:

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.