Michigan Film Production

Film Finance and Film Tax Incentives Require a Film Budget

Michigan Film — Wed, 09 Mar 2011 03:59:38 +0000

In the motion picture industry film finance and film tax incentives require a film budget which is custom created by a veteran line producer. Investors likewise insist on having a detailed, accurate and reliable film budget created for their film financing endeavors. Reliable film budgets are also fundamental for bank loans, equity, gap financing and for foreign sales agents to review a project.

A movie budget is naturally needed also for a Completion Bond company to take on a film production for consideration and bonding, which is a necessary step for film finance as well. By having accurate and proven numbers these companies and individuals may realistically evaluate your movie production proposal. Whether you are in the market for an indie film budget and schedule or a major studio movie budget, FilmBudget.com has many years of experience at both.

Without numbers to back up your pitch everyone in the room is guessing at what the film budgets may be rather than having a solid knowledge. Additionally, without film budgets in hand, those requesting funding certainly appear unprepared and lacking the knowledge and experience to surround themselves with a professional producer whom can create the movie budget and speak to its authenticity.

You may only get one shot at your investors. Make sure it’s the best presentation of a film finance plan, film budget and schedule that it can be. Contact Filmbudget.com for film tax incentives, credits, co-productions and detailed film budgets by a seasoned professional with decades of experience on set and in the trenches!

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Michigan Film Office 2010 Annual Report

Michigan Film — Thu, 03 Mar 2011 02:54:56 +0000

Carrie Jones, the Michigan Film Office Director, has just released the Michigan Film Office 2010 Annual Report. The report is required by regulation and details the Michigan film tax incentive activity for the year. Facts and figures shed light on the films and amounts spent and the film incentive approved for the growing Michigan film and entertainment industry.

The key fact for 2010: $293 Million was spent by productions shooting in Michigan. $115 Million in Michigan film incentives were given as a rebate on the expenditures. A net inward spend of $178 Million.

Let us repeat this math as so many fail to grasp its simplicity: $293 Million inward spend – $115 Million rebate on the spend = $178 Million in net inward production spending.

These are the hard facts the opponents and the destroyer of a growing and flourishing creative industry do not want you to know. Likewise they don’t wish you to focus on the Ernst and Young Economic and Fiscal Impacts Report of the Michigan Film Credit (below) that for every $1 (one dollar) spent on the film incentives an additional $6 (six dollars) was created in economic activity.

The Michigan film tax incentive programs support film budgets of all levels from $50,000 to over $100 Million Major Studio blockbusters which employ thousands of hard working film crew. The incentive (actually a rebate) provides incentive for inward investment for movie production, television programming, games creation, visual effects companies (VFX) and music recording. It has launched companies in Michigan dedicated to employe, teach and grow our film crew base and technical assets, including the Raleigh Michigan Studios in Pontiac which is resurrecting an old truck plant and creating jobs.

Contact your representative and tell them to save the film incentive program.

Film finance and film tax incentives require an accurate and proven film budget from a veteran film producer. Filmbudget.com is the international leader in worldwide film budget and schedule services and global film tax credits. Contact Filmbudget.com to move your production from script to screen.

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Read the Ernst & Young Economic and Fiscal Impact of the Michigan Film Tax Credit:

Michigan Film | Ernst & Young Financial Impact Report

Michigan Film — Mon, 21 Feb 2011 22:40:12 +0000

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The accountancy firm of Ernst & Young was first engaged by Visit Detroit and counterparts in Ann Arbor, Grand Rapids and Traverse City to create a Michigan film tax incentives study. The report has just been released and demonstrates in hard financial numbers what the proponents have been saying all along: the Michigan film incentives work, create jobs and spur economic activity – in a large way.

Read the Ernst & Young Michigan Film Tax Incentive Financial Impact Report

Read the Summary by the Convention & Visitors Bureaus for metro Detroit, Grand Rapids, Ann Arbor and Traverse City whom first commissioned the report.

Read the Detroit Free Press article analysis Read the Detroit News article.

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Updates on Facebook.com/MichiganFilmProduction

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A Michigan Film Industry Town Meeting

Michigan Film — Sat, 19 Feb 2011 22:31:40 +0000

As a devoted member of Michigan’s film industry, Mitch Albom and Kenneth Droz Consulting invite you to

A MICHIGAN FILM INDUSTRY TOWN MEETING

THOUSANDS SHOWED UP FOR THIS!!!

An organizational and informational event to most effectively communicate to Michigan’s legislators, governor and voting public why the film incentive program (among other issues), should be preserved.

WHEN: Thursday, February 24, 7:30pm
WHERE:

Rally to save the film/tv credits in michigan has NEW LOCATION:

Laurel Manor (Banquet Center) , 39000 Schoolcraft, Livonia. THURS 7:30.

Google Map: http://tinyurl.com/townmeetingMap

Featured Speakers:
Mitch Albom, Free Press Columnist
Jeff Daniels, actor/filmmaker
Mike Binder, filmmaker and Michigan native
Vicki Barnett, Michigan State Representative
Andy Meisner, Oakland County Treasurer, and former State Rep.
Philippe Martinez, Maxsar Studios CEO
Emery King and Jim Burnstein, Chair and Vice-Chair, MFO Advisory Council
Chris Baum, Film Detroit/Detroit Metro Convention & Visitors Bureau
Nathaniel McClure, CEO Scientifically Proven Entertainment
Mark Adler, Mich. Production Alliance
Selected working college graduates and undergraduates
Ken Droz, Consultant and former MFO Communications Mgr.
Provided will be various evidence and informational points, legislators’ names and contact info, and strategic methods on conveying the most effective message possible, for legislative officials and districts statewide.

Hosted by Mitch Albom, Kenneth Droz Consulting and Maxsar Digital Studios
Open to the press and general public.

All Facebook postings are welcome and encouraged.

The first name in Michigan Film

Video : Mitch Albom Reacts to Governor\’s Budget Proposal

: FilmBudget.com

Film Budgets | Worldwide Film Tax Incentives | Film Finance

Michigan Film — Thu, 17 Feb 2011 19:43:57 +0000

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FilmBudget.com Film Producers & Production Experts Shoot Worldwide and in all U.S. States.

FilmBudget.com advises filmmakers on global filmmaking with 25 years of major studio & independent film expertise.

Contact Filmbudget.com to speak with a veteran Film Producer regarding where to shoot your film. Free Consultation.

The International Leader in Worldwide Film Budgets and Schedules, Film Tax Incentives and Production Services

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Film Budgets – Film Tax Incentives – Film Finance Plans – Movie Production

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Raleigh Michigan Studios to host “Oz: The Great And Powerful”

Michigan Film — Wed, 26 Jan 2011 20:41:20 +0000

Walt Disney’s feature film “Oz: The Great And Powerful” to be directed by Michigan native Sam Raimi has been approved for the Michigan Film Tax Incentive. The movie has a film budget of $105 Million and has been reported it will shoot on the stages at Raleigh Michigan Studios in Pontiac, the Michigan film industry revitalized site of a GM Truck Plant. Johnny Depp is in talks to star in what is being called the biggest film budget to be spent in Michigan since the inception of the incentive. The film would be an immense boost to the Michigan film industry, further cementing Michigan’s place atop the world of film locations.

Raleigh Michigan Studios

Director Sam Raimi is known for such films as “Spiderman”, “The Quick and The Dead”, “Army of Darkness”, “The Evil Dead” and tv series “Xena – Warrior Princess”

Designed to jumpstart the nascent film industry in Michigan, the incentives have been an unparalleled success story in raising film crews in Michigan, Detroit, Grand Rapids, Ann Arbor and many other towns that enjoy the local spend a movie budget creates in their areas.

Read the Free Press article

Contact Governor Rick Snyder and tell him Hands Off! the film incentives. They Work. We Work.

Michigan Film Production | The Ultimate Source for Michigan Production | The First Name in Michigan Film

Film Budget

Michigan Film — Tue, 25 Jan 2011 09:21:40 +0000

As 2011 kicks well into gear the film sector is heating up. Sundance deals are getting done in a refreshing sign of the times. While the impact on the current film finance enviroment has been tough on the film budget landscape, movies are heading into production and Michigan remains at the forefront of the motion picture and television industry with the incredibly effective Michigan film tax incentive program. Companies from all around the world now think of Michigan when they think of making their film. While Michigan helps these filmmakers and their films get made, spending their film budget dollars here, thanks to the film incentive, we are likewise putting thousands to work, creating an industry and a film crew base second to none. Let’s all look forward to another year of incredible growth for the Michigan film production industry.

Happy New Year from Michigan Film Production

Michigan Film — Sat, 01 Jan 2011 02:23:56 +0000

Wishing all in Michigan and throughout the World a very Happy New Year and a 2011 with continued success for the Michigan film industry! Congratulations to all the success stories and we shall continue to fight for many more to come! With the numerous A list films and the pending opening of Raleigh Michigan Studios we continue to deliver quality for the motion picture industry here in Detroit and throughout Michigan! Michigan Film Production | The Michigan Film Source | The First Name in Michigan Film

Film Budgets | Movie Budget

Michigan Film — Thu, 23 Dec 2010 23:37:57 +0000

Film finance requires accurate, proven film budgets created by a veteran line producer or production manager. Filmbudget.com is the worldwide leader in global film budgets for financing, tax credits and film production.

Whether you need a Michigan Film Budget or are applying for the Michigan film incentive or wishing to get your film made anywhere in the world a movie budget by a professional is required by all film financing entities.

Contact FilmBudget.com

Raleigh Michigan Studios | Soundstages

Michigan Film — Sat, 18 Dec 2010 21:49:17 +0000

Raleigh Michigan Studios press and invited guests tour signaled the arrival of the greatly anticipated results of the Michigan film incentive program infrastructure development efforts. With the revealing of the massive soundstages under construction and interviews with the participants and community leaders Michigan and the world was able to see firsthand a critical element required for a sustainable and year round motion picture and television production industry in the state.

CEO Linden Nelson described the nine stages under construction at the site encompassing the 630,000 square foot location. Additional buildings will house production spaces, commercial tenants, film production crews and the company’s base of operations which will relocate from Birmingham. Raleigh Michigan Studios stages will provide up to 30,000 square feet of studio space and can open doors to combine stages yielding up to 90,000 square feet of film production studio space with 45′ heights to the lighting grid and accompanying catwalks. These are staggering sizes capable of handling the largest and most extensive filmmaking requirements any Hollywood movie production could require.

Taking shape at the former General Motors factory in Pontiac, Michigan Raleigh Michigan Studios is a glowing example of people power, renewal and creative drive encompassing the hard work ethic of the Michigan communities and film production crews.

2011 is shaping up to be an incredible year for the Michigan film production industry thanks to the Michigan film tax incentive program.