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Michigan Film Tax Incentives – Best in the Nation

New York Film Tax Incentive $7 Billion Draw | 63,000 Jobs | Hollywood Reporter

Mar-20-2010

N.Y. film tax credit is economic driver
Lawmakers eye extending program through 2015
By Georg Szalai
March 16, 2010, 11:40 AM ET
Updated: March 16, 2010, 10:47 PM ET
NEW YORK — The Empire State’s $420 million production tax credits program, part of the state budget bill lawmakers are considering, has received a shot in the arm.

New York comptroller Thomas DiNapoli issued a report Tuesday that credits previous incentive programs with driving $7 billion into the state’s economy from their 2004 launch through 2008. He also credits the program with contributing to the employment of as many as 63,000 people in 2008, double-digit-percentage job creation since the start of the incentives, as much as $5 billion in wages in 2008 and boosting state and local tax coffers Read the rest of this entry »

Michigan Music Production – Music can benefit from the Michigan film tax incentive

Mar-14-2010

DETROIT (AP) — A little-known state tax break for music producers could help put Motown back on the music map, but theDetroit Free Press says so far no one has taken advantage of it.

The state is offering tax credits of up to 42 percent for the production of music CDs and music videos. The break was designed to attract big-name artists to record in Michigan, which already is home to Eminem, Kid Rock and Bob Segar.

The tax credit has been available since April 2008, but no one has taken advantage of it apparently because it is so little-known.

Industry insiders like Brian Pastoria of Harmonie Park Studios say the incentive has potential to help grow the state’s music business.

Crain’s Detroit Article

Alice in Wonderland – Biggest Opening – Academy Awards – FilmBudget.com

Mar-07-2010

Alice in Wonderland captured $210 Million worldwide and $116,000,000 U.S. domestic box office over the weekend to become the highest grossing non-sequel film of all time.
The Walt Disney Pictures 3D blockbuster, Johnny Depp starrer directed by Tim Burton champions the global box office on Oscar Night for the Academy Awards.

Read the Variety article:

FilmBudget.com is the international leader in worldwide feature film and television budgets and schedules, film producer, film tax incentives advisor and consultants.

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Editors Note:

Metro Detroit company With A Twist created vfx shots for “Alice in Wonderland”.

ROCHESTER HILLS, Mich. (WXYZ) – The release of the Disney classic, ‘Alice In Wonderland’, has been heavily anticipated for months by movie goers around the country.

Many people are excited about seeing the special 3-D technology that will be featured in the newly revised fairy tale.  Some of those mind-blowing shots were created by a metro Detroit company.

Rochester Hills based With A Twist has strong ties to the development of the 3-D effects that will be seen in this motion picture.  The company was called on to create more than 200 shots in the movie.

Currently employing around 40 people, executives say they expect the company to grow rapidly because of the business they currently have lined up.

25th Independent Spirit Awards Live Webcast

Mar-05-2010


The 25th Independent Spirit Awards live webcast at 5:00pm PST is being webcast at myspace:

link sponsored by FilmBudget.com – Film budgets and schedules for your investors and financiers. The international leader in film and tv budgeting and scheduling since 1986.

Myspace:  Link for Independent Spirit Awards webcast:

http://myspace.com/filmbudget

Facebook Film Budget Group:

http://tinyurl.com/filmbudget

“Up In The Air” – 6 Oscar Nominations!

Dec-04-2009

“Up In The Air” which filmed sequences in Michigan won Best Actor award for George Clooney and tops the National Board of Review’s critics picks.

Additional winners are Clint Eastwood, Best Director for “Invictus” (whom formerly won for “Gran Torino” also filmed in Michigan thanks to the film incentives.)


“The Domino Effect” IIIIIIIIII

Nov-01-2009

“The Domino Effect” shoots London/UK , Amsterdam/Netherlands, Mumbai/India, Beijing/China, Cape Town/South Africa and Detroit/Michigan. Proudly utilizing 98% all Michigan crew for the USA segments, the film reveals the interconnectivity of cultures in the midst of economic turmoil and the strength of the human spirit triumphant in difficult times. Filming in Detroit, Novi, Farmington Hills, Northville picture will showcase real Michigan locations and people. Film is financed by Kasander Films of The Netherlands Contact: http://www.kasanderfilm.nl
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Movie Budgets – Film Financing – the first step forward

Sep-10-2009

Movie budgets are the pivotal document moving a project from idea to fruition. Obtaining an accurate and proven film budget from a reputable source is the key to propelling your movie from a dream goal to a realized production. Filmbudget.com is the global leader in worldwide feature film and television budgeting and scheduling. With offices in Los Angeles, Detroit, London and throughout the world FilmBudget.com provides a standard of excellence in budgeting and scheduling. Contact us at http://www.moviebudgets.com

New York Times features Michigan Film – Dream Factories Aim to Replace Auto Sites

Sep-08-2009

By DONNA PAUL
Published: September 8, 2009
DETROIT — In the midst of a recession that has been particularly brutal in Michigan, a number of construction projects are on the verge of getting under way in a most unlikely business: the film industry.
The recent surge of interest was set in motion in April 2008, when Gov. Jennifer M. Granholm signed a 14-bill package into law, which among other things provided a 40 percent tax credit or cash rebate for studios on their business tax returns in Michigan. An additional 2 percent rebate is available for films produced in 103 communities.

There is also a 25 percent infrastructure credit, which is applied against expenditures on construction of a studio and its contents, said Janet Lockwood, director of the Michigan film office.

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raleighmichiganstudio

Read the New York Times article

Michigan Film Industry featured in Variety

Aug-28-2009

Variety featured Michigan in a section today called “Scout and About: Michigan” demonstrating our states preeminent position in film production today thanks to the Michigan film tax incentives:
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Lockwood locks up productions – Michigan film commissioner touts incentive program
Read the Variety article
Michigan moves from cars to stars – Incentives turning state into Midwestern Hollywood
Read the Variety article
Productions Made in Michigan – a selection of some major features shot in the state recently
Read the Variety article
Michigan touts aggressive incentives – Michigan braces for a blizzard of film production
Read the Variety article

Unity Studios Groundbreaking Ceremony August 27, 2009

Aug-28-2009

$146M Unity Studios film complex breaks ground
Nathan Hurst / The Detroit News
Allen Park — Unity Studios, the film studio complex slated to bring soundstages, production facilities and a training institute to a former Visteon Corp. facility, broke ground Thursday, becoming the first of three such projects in Michigan to begin construction.

http://www.detnews.com/article/20090828/BIZ/908280348/1024/$146M-Unity-Studios-film-complex-breaks-ground

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