Lottery for $100M in Film Incentives Set for June 1

from: Bob Strauss, DailyNews.com — Whether from Humboldt County or Hollywood Boulevard, the film commissioners and industry officials who gathered Friday for the California Locations Breakfast had the same goal: Keep as much production as possible from running away to other states and countries. At the event in West Hollywood, California Film Commission Executive...

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N. Carolina Governor Proposes $1 Million Film Training Program

from: FilmWorksLA.com — If you are one of the lucky Californians taken along on a production shooting in North Carolina, your luck may be about to run out.  According to one media outlet in North Carolina, the state’s film incentive “caused a big problem” for the state — too much work to go around! In an attempt to make sure more of the work goes to NC...

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Is China Building the “Greatest Threat of Runaway Production”

from: FilmWorksLA.com — In what one website is calling the “greatest threat of runaway production for the U.S. film industry ever”, is news from China that Chinese industrialist Bruno Wu, head of Seven Stars Entertainment, is building a $1.27 billion production hub called “Chinawood” outside Bejing: Bruno Wu’s Seven Stars Entertainment and the...

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Film Incentive Script Change

from: Stop-Runaway-Production.com — It is apparent that much of the debate over the value of film incentives may be unnecessary.  Facts are facts, and it’s time to use them.  It is my belief that if more people properly understood how state film incentives actually worked, the vast majority of film incentive backers would no longer support them.  The...

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Michael Eisner Seeking $800M To Start TV/Film Company

from: Deadline.com — CNBC’S David Faber is reporting that the fundraising effort by 70-year-old Michael Eisner, the former chairman/CEO of Walt Disney, kicked   off last week and is being led by JP Morgan. He wants to raise $800 million for a new film and television production company, says Faber quoting people who have been approached about...

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Using Hollywood Accounting to Sell Hawaii Film Incentive

from: Stop-Runaway-Production.com — In 2005, the German government closed a tax loophole Hollywood had been exploiting to subsidize much of its production costs.  In 2003, Paramount was the beneficiary of between $70-$90 million, which one Paramount executive said was literally “money for nothing.”  One person saw an opportunity with the demise of the German...

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