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Michigan Film Tax Incentives – Best in the Nation

Film Finance and Film Tax Incentives Require a Film Budget

Mar-08-2011

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

Mar-02-2011

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:

A Michigan Film Industry Town Meeting

Feb-19-2011

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

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Film Budgets | Worldwide Film Tax Incentives | Film Finance

Feb-17-2011

Intellectual Property and Creativity is the Knowledge Capital of the future

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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Global Film Credits – Worldwide Production and Co-Productions

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Raleigh Michigan Studios

Dec-15-2010

Raleigh Michigan Studios complex in Pontiac Michigan to commence movie productions this spring in 630,000 square foot project.   The $80 million movie studio will anchor and launch the Michigan film industry as a homegrown and sustainable production center.   CEO Linden Nelson stated nine sound stages will be created for film and television production employing up to 3,600 film crew members and support staff.  Journalists and guests were given a tour of the former GM transformed site.  Read the Free Press article.

Worldwide states, countries and jurisdictions everywhere are increasing their film tax incentives, credits and rebate programs aimed at luring film production companies to their areas.  They all realize that film production has an economic activity multiplier effect and actively work to draw film producers and directors to make their movies in their towns, villages, cities, provinces and states.    Governments understand the financial boost to their tourism efforts, greatly needed inward economic expenditure and the increased local creative energy and opportunities delivered to those creating intellectual property – for America a major U.S. export commodity.  Support the Michigan Film Incentive Program.  Contact your representatives.

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Movie Budget | FilmBudget.com is the worldwide leader in global movie budget and film shooting schedule services.

George Clooney to bring “The Ides of March” to Michigan

Oct-28-2010

Filmmaker / movie star George Clooney is reportedly bringing the Exclusive Films and Appian Way production of “The Ides of March” to shoot in Michigan in February.   As reported in The Detroit News, The Free Press and Deadline Hollywood, Clooney is set to star and direct the adaptation of Beau Willimon’s off-Broadway production of “Farragut North”.  Also starring in the film are Paul Giamatti, Evan Rachel Wood and Marisa Tomei.    The film is financed by Exclusive Films & Cross Creek Pictures in a partnership with Leonardo DiCaprio’s Appian Way Productions.  (More on facebook.com/moviebudget)

Update:  ”The Ides of March” has now been approved for the Michigan Film Tax Incentive Program.  It is anticipated the movie will now shoot in Detroit and parts of Ohio.

Read The Detroit News article

George Clooney

Michigan Film Production | The Ultimate Source for Michigan Production | The Michigan Film Source and guide to Michigan Film.

The First Name in Michigan Film.

To move your movie from screenplay to production get your film financiers a movie budget & schedule | Film Budgets | FilmBudget.com

Motown Becomes Movietown | The Wall Street Journal

Sep-16-2010

Excerpt from The Wall Street Journal article, read the full story here

Across the street from a landscape of vacant houses and overgrown front yards, homicide detectives gather to investigate a murder. They analyze clues and debate how best to interrogate the key witnesses. Then, the director yells “Cut!” and everyone heads to a catered lunch of shrimp scampi and beef tenderloin.

photo illustration by Mick Coulas; Brian Widdis for The Wall Street Journal

The set of the gritty cop show “Detroit 1-8-7″ is one of more than 100 film and television productions that have flocked to Michigan in the last two years, the result of generous tax rebates. Producers have spent nearly $350 million in the state so far, a figure expected to reach $650 million by year’s end, up from $2 million in 2007, according to the Michigan Film Office. About 80% of these shoots take place in and around this iconic but much-maligned city, sprinkling a little stardust, optimism and controversy along the way.

Workers who used to build cars are learning to build sets. The entertainment sector is “a lifeboat as the auto industry adapts and restructures,” says Wayne County Executive Robert A. Ficano.

Signs of activity are everywhere. Hip-looking film-school grads on bicycles run errands in an empty warehouse that once served as a Chrysler distribution center and is now a cavernous 166,000-square-foot production studio for “Detroit 1-8-7.” Sets for the show, premiering on ABC Sept. 21, include a city morgue and a homicide unit with cluttered police desks and corkboards covered with mug shots.

The dilapidated Michigan Central Station, once a transportation hub, with marbled floors and Corinthian columns, has served as a symbol of urban ruination for years. It’s now a key location for productions including “Transformers 3″ and HBO’s “Hung.” On Tuesday “Hostel: Part III” and “Vamps,” a horror-comedy with Sigourney Weaver, both shot in the city’s neo-Gothic Masonic Temple. When “Harold and Kumar 3″ finished a scene this summer that required turning a downtown street into New York City at Christmas, set designers left the fake subway entrance intact, knowing another production would soon need it.

Read the entire story in the  Wall Street Journal Article

Michigan Film Production | The Ultimate Source for Michigan Production | The Michigan Film Source | Since 1985

Move your production forward with an expert movie budget from a veteran film producer. Contact Us to obtain quality movie budgets and schedules to move your script to the screen. Film financiers, bond companies, banks, lenders and investors require quality film budgets from a seasoned professional line producer with extensive experience in the field. Filmbudget.com creates film budgets for production.

Film Office Director: Industry ‘booming’ in Michigan

Sep-16-2010

Michigan Film Office Director Carrie Jones believes it’s an “incredibly exciting time for Michigan.” Jones took over the position earlier this summer and hopes to “carry on the trajectory” her predecessor, Janet Lockwood, set for Michigan’s film industry.

MFO Director Carrie Jones

In 2007, when the state had what Jones calls a “baby incentive,” three films shot in Michigan, spending $2 million. The current incentives passed in April 2008, and that year 35 film productions spent $135 million. Productions spent $223 million in 2009, and the film office estimates productions this year will spend more than $300 million, Jones said.

Read the entire MLive – Business Review West article

Thousands of jobs are being created by the Michigan Film Incentives with 4,000 crew and 4,000 acting jobs for ’09 alone.

Film Budgets | Filmbudget.com
Get your investors and film financiers qualified Michigan film budgets from a veteran major studio and indie movie producer.

Raleigh Michigan Studios Declared a “Promise Spotlight” Success Story by Governor Granholm

Aug-26-2010

Governor Granholm today touted Pontiac, the studio and sound stages of Raleigh Michigan Studios as a “Promise Spotlight” success story during the 2010 Emerging Cities Summit in Lansing. CEO Linden Nelson has stated that an official grand opening will be held toward the end of the year with soundstages open for business in February or March 2011.

Read the official press release

Michigan Motion Pictures Studios

Michigan Film Production, Inc. founded by Producer Jack Binder (“Reign Over Me”, “The Upside of Anger”) is the ultimate source for Michigan production.

Filmbudget.com likewise founded by Jack Binder is the international leader in worldwide film budgets and schedules and film tax incentives consultant.

Film Budgets by a seasoned professional for your Michigan Film Production make all the difference to film financiers.

Raleigh Michigan Studios Breaks Ground Construction Commenced

Jul-27-2010

Michigan Film Production | Michigan Motion Pictures Studios

film and “teaching studio” complex in a former General Motors truck and bus manufacturing facility in Pontiac should be up and running early next year, said Linden Nelson, chairman and CEO of Michigan Motion Picture Studios LLC.  At 5 p.m. today, Gov. Jennifer Granholm and others will participate in a ceremonial groundbreaking at Centerpoint Parkway, but work already has begun on the site to convert the defunct plant into Raleigh Michigan Studios.      From The Detroit News

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