By John W. Cones
John W. Cones has up to date his now vintage forty three how one can Finance Your function movie: A complete research of movie Finance with a considerably reorganized and elevated 3rd edition.An crucial reference consultant for movie pros on each part of movie financing, forty three methods solutions the query that each filmmaker and manufacturer finally faces, the difficulty which could make or holiday any enterprise into the movie industry: How do I finance my characteristic film? The 3rd variation contains up to date info and insurance of recent strategies for financing.In his transparent and concise kind and with services accumulated over his approximately two decades of expertise within the movie finance undefined, Cones breaks financing suggestions down into six major areas: presents and supplies, investor financing, household executive subsidies and tax incentive courses, lender financing, overseas finance strategies, and studio or financing. starting with the varieties of financing probably to be available to autonomous function movie manufacturers, Cones proceeds to different kinds that turn into more and more on hand because the producer’s occupation matures.As an aim adviser, Cones offers particular, concise information about the numerous attainable financing suggestions and lists the special professionals and cons of every strategy. This advisor covers the choices for movie financing in wealthy element in order that even first-time manufacturers and filmmakers may be in a position to make proficient and knowledgeable judgements in regards to the most sensible ways to financing their motion pictures. an in depth bibliography includes additional info approximately every one type of movie finance. Cones additionally counters a lot of the undesirable recommendation being supplied by means of pseudoprofessional movie finance experts and issues out scams which may separate unwary movie manufacturers from their money.Although the ebook makes a speciality of financing characteristic movies, a lot of its details is proper to the financing of different forms of initiatives, similar to brief movies, documentaries, movies, and multimedia and theatrical endeavors. someone contemplating making or making an investment in a function movie should be good served through this sensible and necessary consultant.
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Additional info for 43 Ways to Finance Your Feature Film: A Comprehensive Analysis of Film Finance
S. Commonwealth of Puerto Rico also offers tax breaks for local ﬁlm productions. The Puerto Rican government has passed new legislation that allows local investors to write off a portion of their investment while the ﬁlm is still in production and permits some 80 to 90 percent of the ﬁlm’s revenues to remain tax exempt after the picture begins recouping its costs. indd 33 12/20/07 1:46:56 PM Subsidies provides links to the details of the tax incentives and other ﬁnancial incentives offered by each of the member jurisdictions.
Written applications are required and must be submitted prior to ﬁlming activity on an application form provided by the Illinois Film Ofﬁce. The applicant will be asked to provide the following information: • production title; • full script; • type of production: ﬁlm, television series, movie-of-the-week (MOW), commercial, music video, documentary; • length of production; • number of planned shooting days in Illinois; • total budget of production; • estimated total salary and wages; • estimated number of Illinois residents to be hired to work on the production; • percentage of minority workers in Illinois that the applicant plans to employ to perform work on the production; • documentation on the applicant’s intention to participate in training, education and recruitment programs; and • documentation showing that the Illinois ﬁlm production services tax credit is essential to the decision to ﬁlm in Illinois.
The term total aggregate payroll does not include the salary of any employee whose salary is equal to or greater than $1 million. The credit may be applied to any income tax or corporation franchise tax liability applicable to the motion picture production company. indd 29 12/20/07 1:46:55 PM Subsidies • individual partners or members are to claim their share on their individual income tax returns; and • partners or members that are estates or trusts are to claim their share of the credit on their ﬁduciary income tax returns.