Last month, just hours before the scheduled start of production on Columbia Pictures’ “Moneyball”, starring Brad Pitt and directed by Steven Soderbergh, the studio pulled the plug on production, putting the project into “limited turnaround”
With an A-list star like Brad Pitt, and a well-known and respected Director, the film seemed a sure-thing to some, so [...]
Theatre, Film, Television, Music & New Media
Category Archives: Film Finance
Why productions like "Moneyball" get shelved.
How not to use the internet to find investors for your film or theatre project.
In recent weeks, I’ve begun to see more and more independent filmmakers and theatre producers using forums, chat rooms, and other internet-services to seek out investors for their projects. In most cases, these inquiries are couched in plain language: “Seeking investors for independent film” or similar.
Unfortunately for these producers, their use of [...]
L.A. approves incentive package
L.A. approves incentive package: “Runaway Production: City aims to keep film, TV productions in town — There’s no tax credits in there yet, but the Los Angeles City Council has approved a package of incentives aimed at keeping film and TV productions in Los Angeles .“
(Via Variety.com – Runaway Production.)
Financing independent films and theatre projects is more difficult in the current economic climate. Myth or Reality?
In recent weeks, I’ve had a number of clients express their view that the current down economy means that they won’t be able to find investors to finance their films and/or shows. As a consequence, they’re sitting back, waiting things out.. not trying to make it happen.
Meanwhile, I’ve had others tell me that investors are [...]
IRS eliminates tax breaks for some independent films
3 years ago, partially in response to runaway production, Congress developed tax incentives which gave independent filmmakers tax breaks on films up to $15 Million. In a ruling earlier this month, the IRS imposes new requirements that will eliminate this incentive for many independent films
Under th American Jobs Creation Act of [...]
IRS eliminates tax breaks for some independent films
3 years ago, partially in response to runaway production, Congress developed tax incentives which gave independent filmmakers tax breaks on films up to $15 Million. In a ruling earlier this month, the IRS imposes new requirements that will eliminate this incentive for many independent films
Under th American Jobs Creation Act of 2004, domestically made films [...]
