Produced By Conference
New York, NY
Entertainment Partners is proud to sponsor the PGA’s 2017 Produced By Conference, connecting and recognizing talented producers from around the globe.
John Hadity, EVP of EP Financial Solutions, will be moderating a panel titled Solving the Financial Puzzle: Where and How to Find the Money You Need, 11:30am – 12:45pm.
Click here to register for the conference. Use Promo code EP17 for $50 off!
American Film Market
Santa Monica, CA
Once again, Entertainment Partners is sponsoring the 2017 American Film Market Conference. Joe Chianese, EVP of EP Financial Solutions, will be moderating two film finance panels during AFM: The Future of Global Film Finance on Friday, November 3, 9:15 – 11:00am; and The Film Finance Matrix: From Script to Screen on Sunday, November 5, 11:00am – 12:45pm.
Download the Updated Fall 2017 U.S. Incentives Map
Updates by Jurisdiction
For more information on incentives in each state, visit the Production Incentives map on our website and click on the state of interest.
Florida lawmakers will consider a bill this year that would bring back film incentives. Lawmakers allocated $300M in 2010, but the program was allowed to sunset in 2016. Representative David Silvers filed HB 341 that would create the Florida Motion Picture Capital Corp. to entice films to the state. (See Tampa Bay Business Journal)
Earlier this month the Kansas City Council made several changes to the city’s film production rebate, including raising the incentive from 7.5% to 10% and lowering minimum spends for feature films, television series, and national commercials. The changes will take effect on November 1. (See KCUR)
Ulster County announced earlier this month the launch of a film finance program to encourage more film, media, and television productions to film in the county. Four local banks will administer the program, committing $8M to industry specific lending. (See WAMC)
A New York lawmaker says the state should refuse to grant tax credits to companies who fail to address repeated problems of sexual harassment in the workplace. (See LA Times)
SB 582 was signed by the governor, which removes the sunset date from the North Carolina Film Incentives Program.
HB 1004 was introduced, which would prohibit future rebate payments through the Oklahoma Film Enhancement Rebate Program, unless an application was approved prior to the effective date of this bill, provided such related expenditure occurs prior to January 1, 2018.
HB 1769 was introduced, which would help to promote and implement a plan in order to ensure diversity and promote the participation of diverse groups by affording equal access to employment opportunities.
For more information on incentives around the world, visit our website and click on the country of interest.
CANADA – Alberta
The province is giving Alberta’s film and television industry a boost by way of a new production grant that aims to promote investment in the industry. The Screen-Based Production Grant, which was announced earlier this month, replaces the Alberta Media Fund. Among other changes, the new grant program increases the per project cap from $5M to $7.5M. (See CBC News)
A growing rift is emerging between independent producers and the South African government, with frustrated entertainment business professionals accusing the DTI, the body tasked with disbursing state funds, of undermining a rebate that’s the lifeblood of the local industry. (See Variety)
EPFS Locations Spotlight
EP Financial Solutions is a primary contributor to Variety‘s “Artisans” Feature, spotlighting various filming locations around the world. Here are the locations we have covered in recent weeks.
Spain’s Canary Islands, located in the Atlantic 100 miles west of Morocco are home to some of the planet’s most eerie and beautiful landscapes – which is why the archipelago has been attracting filmmakers for many years. But the industry also travels there to take advantage of a super-generous 40% rebate on qualified spend.
Hailing itself as “camera-ready,” the Peach State boasts that it is home to over 30,000 production professionals and more than 1,000 production suppliers. Fueling the boom is the perception that the state’s generous incentive – a transferable tax credit of up to 30% – is relatively stable compared to that of other states where incentives can be politically controversial.
Stretching from the Atlantic to the Pacific and bigger in area than the U.S., Canada offers boundless opportunities to filmmakers – especially film studios, TV networks, streaming services, and production companies. Not only do its varied landscapes offer practically any outdoor look required for location shooting, but its urban areas can double for many American and European cities. Perhaps most important of all, the country’s 16% tax incentive can be stacked with multiple regional incentives offered by its provinces and territories.
New York – both the state and the city – offer film and TV producers a plethora of benefits, ranging from iconic visuals such as the Manhattan skyline and the Brooklyn Bridge, to modern stages and experienced crews, to some of the best financial incentives found anywhere. These include a 30% credit on qualified expenditures in the state and $420M in credits annually.
Highlights from AFCI Cineposium 2017
Florence (Flo) Mitchell-Brown, Vice President of Payroll Services at EP, moderated the panel “The Diversity Push” at this year’s AFCI Cineposium. The panel was a discussion of how equality, diversity, and inclusion are impacting industry and how film commissions can help to drive positive change. The panel included:
- Alison Emilio – Director, ReFrame, Women in Film
- Emma Reeves – Exectuve Director, Free the Bird
- Ilyanne Morden Kichaven – Executive Director, SAG-AFTRA
- Davida Lara – Executive Vice President, Entertainment Partners
Another massively successful panel, moderated by David Shepheard, Film Commissioner of the Vancouver Film Commission, was titled “The Balancing Act: How Heavy Hitters Decide Where to Shoot.” The panel focused on not just incentives, but infrastructure, travel costs, locations, and more. The all-star group of panelists included:
- MaryAnn Hughes – Vice President of Film and TV Planning, The Disney Company
- Jay Roewe – Senior Vice President of Production, HBO
- Michael Walbrecht – Vice President of Public Affairs, Warner Brothers
EPFS would like to congratulate Rajiv Dalal and Jess Conoplia for being hired as President and Executive Vice President/COO at the Association of Film Commissioners International (AFCI). (See Screen Daily)
DISCLAIMER: These materials have been prepared by Entertainment Partners for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and therefore this information may have been revised. Please contact your legal or tax advisors to confirm any laws or the effect of incentives on your project. For updates and more information, please visit our website at epfinancialsolutions.com.
Providing links to other sites shall not be construed as an endorsement by Entertainment Partners of the linked websites or the opinions expressed on such websites.