Uncap the PA. Film Tax Credit

November 2013 Industry News Digest

GPFO Interest: Location Update

The highly anticipated film The Hobbit: Desolation of Smaug is the second in a trilogy of films directed by Peter Jackson adapting the enduringly popular novel “The Hobbit” by J.R.R. Tolkien. Read about how Location Manager Jared Connon (The Hobbit: an Unexpected Journey, X-Men Origins: WolverineThe Lord of the Rings trilogy) took on the challenge of scouting and managing the locales. Click here for the entire article!

GPFO Interest: Digital News Update

Netflix next month will launch its first exclusive documentary — “The Short Game,” which follows eight competitive kid golfers — an award-winning film the company pointed out is “Academy qualified.” “The Short Game” is produced by Rafael Marmor, Christopher Leggett and Josh Greenbaum, and exec produced by Jessica Biel, Justin Timberlake, Timm Oberwelland, John Battsek and David Frankel. The docu follows an octet of under-7 golfers around the globe as they train for and compete in the World Championship of Junior Golf in Pinehurst, N.C. Read more here!

GPFO Interest: Technology Update

The higher pixel count afforded by Ultra HD TV (also known as 4K) alone might not be the best way to entice consumers to move to a new generation of television. Read more here!

Sharon Pinkenson to speak at Press Club luncheon

The Press Club serving the Philadelphia Suburbs will present Sharon Pinkenson, Greater Philadelphia Film Office Executive  Director, as its featured speaker Wed. (Nov. 20) at the Springhaven Club in Wallingford.   Doors open at 11:30; Luncheon begins at 12 pm. 

Click here to read more!

Philadelphia residents ‘Gere’ up for production of ‘Franny’

As most of you might know by now, filming for the new Richard Gere indie movie “Franny”, the latest production to shoot in Philadelphia has begun. Sharon Pinkenson, executive director of the Greater Philadelphia Film Office, had said ”We are very excited that ‘Franny’ will be shooting in Philadelphia and the region….I know that everyone in the region will be very excited to have the very talented and much-beloved actor here filming a movie.”

Click here for the article!

image

(Source: gpfoblog)

October 2013 Industry Digest

GPFO Interest: Film Tax Incentives

‘One thing is certain, film incentives, including transferable tax credits, have become a permanent and essential element for film and television production in the U.S. and around the world.’

While the United States remains the key spot for filming television series, foreign countries are aggressively competing more and more for U.S.-based productions. At the same time, foreign producers are increasingly taking advantage of the various film incentives offered in the United States.

Despite the controversy surrounding the sometimes generous tax incentives aimed at attracting film productions to various locales, two prominent experts agree that film and television incentives have become a permanent and essential element for the industry around the world.

In this interview, Joseph D. Chianese and Marco Cordova, of EP Financial Solutions, discuss the various film and television tax incentives offered both in the United States and abroad.  

image

GPFO Interest: Industry News

AMC Networks, headquartered in New York, and the parent company of The Walking Dead and Mad Men network AMC, has signed a deal to acquire Chellomedia, the international content division of John Malone’s Liberty Global, for just over $1 billion (€750 million), AMC Networks announced Monday.

The deal, expected to close in the first quarter of next year, will give AMC a major international boost, providing the group with Chellomedia’s vast international network of specialty channels with a footprint that spreads over some 138 countries and reaches more than 390 million households.

Click here to read more!

image

GPFO Interest: Industry Insight

While speaking on the first day of the Abu Dhabi Media Summit (held between October 22-24, 2013), Walt Disney International chairman, Andy Bird predicted that there would be a 3D printer in every family home within the next decade.

Click here to read more!

image

GPFO Interest: PhillyFilmFest Movie that has gained extreme Oscar buzz!

The British film director, Steve McQueen, who is currently enjoying acclaim and Oscar buzz for 12 Years a Slave, is developing a drama at HBO. 

Click here to read more!

image

October Spotlight: Local News and Industry Technology Updates

Green tip: For gaffers and electricians, the biggest change in the industry has been the introduction of LED lighting. Everyone in production will soon know the tremendous cost savings gained from LED technology, which extends to saving power consumption, manpower and distribution. Check out what’s going on behind the scenes as production crews are moving forward in embracing a wide variety of new technologies.

image

Here’s some great news to kick off your weekend - Sony has just released firmware version 2.0 for the PMW-F5, F55 and AXS-R5 Raw recorder. This is a major update with many features users have been asking for.

image

The Philadelphia Film Festival is returning this fall and is bringing with it more than 100 films of all sorts — documentaries, short films, vintage films, highly-anticipated independent films and more. The festival spotlights the best upcoming films from around the world and runs from October 17 to October 27 at six venues across the city. Participating venues include the Ritz East, Ritz Bourse, Perelman Theater, Prince Music Theater, Cinemark (formerly The Rave) and the VIP lounge.

image

This year, the festival is kicking off with a screening of All Is Lost, a critically acclaimed film by Academy Award-nominated director J.C. Chandor. This poignant survival story stars Robert Redford and J.C. Chandor will be in attendance at the opening night.

Revered for its brilliant cinematography and praised for its evocative score, Days of Heaven (1978) will also be screening on October 20th as part of this festival. Set in the depression era, this film offers a twist on the classic love triangle, in which a farm laborer convinces his beloved to marry their boss in order to have a claim on his fortune.

One of the major highlights of this year’s festival will be Thomas Dolby’s Invisible Lighthouse tour at the Trocadero on Thursday, October 24th. The show is a part film and part concert multiplatform event featuring Dolby performing live narration and musical score in front of a projected film image. He’ll be accompanied by Foley artist / musician / sound designer Blake Leyh. 

 This year, the Philadelphia Film Society and Dock Street Brewing Company have also partnered up to present a one-of-a-kind brew for festival attendees. The beer, Cinnister Cinema Stout, will be available at festival events in the VIP lounge, at Dock Street Brewing Company and at select bars around the city.

 Tickets are required to catch the festival action and film galore. Tickets are available for single screenings or as bundles for multiple screenings. Festival badges will provide moviegoers access to multiple, or all of, the films depending on the badge purchased. Tickets and badges are available online.

Wide Lens Spotlight: Nikki Johnson-Huston, Esq., Attorney

This past July, the Greater Philadelphia Film Office sponsored an event at the Rittenhouse Hotel, entitled Wide Lens: Strategies For Attracting New Media Clients.  The purpose of this event was to urge people in the New Media industry to expand their practices by collaborating with individuals who, on the surface may not appear to be connected to media, but in actuality, are essential players in the New Media world.  It goes without saying that in any professional field of work, there are several areas of expertise that require a range of talents from different individuals.  GPFO’s event emphasized the need for people to broaden their horizons and really develop a wide lens, so that collaboration can occur on many more levels and the New Media world can flourish and run smoothly with the help of various professionals in their respective areas of expertise.

image

Nikki Johnson-Huston, Esq. has her own tax practice at the Law Office of Nikki Johnson-Huston LLC.  A 2004 graduate of Temple University Beasley School of Law, she earned a J.D./M.B.A/ LL.M in Taxation in four years.  Nikki is a frequent speaker on how she overcame a life of poverty and homelessness to become an award winning young attorney.  Nikki’s story of overcoming adversity has been featured in numerous publications and media outlets from the Philadelphia Daily News, Philadelphia Inquirer, Philadelphia Tribune, The Huffington Post, WHYY Radio Times with Marty Moss-Coane, It’s Your Call with Lynn Doyle, “Visions” on WPVI Channel 6, and NBC’s The 10! Show. 

Nikki is a former co-host on the Comcast Channel 53 Show “A Life in the Law: Legal Leaders”.  In addition she has won several awards including the Craig M. Perry Community Service Award given by the Philadelphia Bar Association Young Lawyers Division, been named a 2009 “Lawyer on the Fast Track” by the Legal Intelligencer, one of the “10 People under 40 to Watch in 2010” by The Philadelphia Tribune, a 2010 Philadelphia Business Journal Woman of Distinction, 2011 Next Generation of Leadership: Rising Star, 2nd Annual Fashioning Futures for Women Honoree by the Career Wardrobe, one of the 2012 Nation’s Best Advocates: 40 Lawyers Under 40 by The National Bar Association and a 2012 USA Eisenhower Fellow, where she traveled to India and New Zealand in September 2012 to work with women and children who were living in poverty.  Nikki was recently appointed the Diversity Chair to the Philadelphia Bar Association and named a 2013 Pennsylvania Diverse Attorney of the Year by the Legal Intelligencer.  To learn more, go to www.nikkijohnsonhuston.com.

How are you using new media to achieve your goals?  How do you feel as though new media is beneficial to you and your career?                                                                                                     

I am using new media to give me a platform to discuss issues related to my advocacy of those living in poverty.  I think that being in the media has given me more credibility and have marked me as someone who has expertise in these areas.

How do you go about building a media buzz?                                         

I think that I do a good job of letting people in the media know what my current activities are.  I help to give them ideas of ways that they can use me.  I also am really good at maintaining the relationships that I have in media and will connect them with others that I think can be useful to them.

Describe the relationship between an advocate and the new tech media climate.                                            

I think to be in advocate in a new media climate can be challenging especially for someone dealing with the issue of poverty.  It’s not that it’s not an important issue but it doesn’t feel like a hot topic so that can be challenging to get the attention of media but since it’s something that happens on a daily basis I have learned to be patient and usually the media will do a story eventually even if it takes a few months.  It’s important to learn how to effectively pitch to the media and make a story relevant.

Wide Lens Spotlight: Octavius T. (Ted) Reid, III, CIMA Senior Vice President and Wealth Advisor, Morgan Stanley

This past July, the Greater Philadelphia Film Office sponsored an event at the Rittenhouse Hotel, entitled Wide Lens: Strategies For Attracting New Media Clients.  The purpose of this event was to urge people in the New Media industry to expand their practices by collaborating with individuals who, on the surface may not appear to be connected to media, but in actuality, are essential players in the New Media world.  It goes without saying that in any professional field of work, there are several areas of expertise that require a range of talents from different individuals.  GPFO’s event emphasized the need for people to broaden their horizons and really develop a wide lens, so that collaboration can occur on many more levels and the New Media world can flourish and run smoothly with the help of various professionals in their respective areas of expertise.

image

Ted Reid manages a diverse range of client financial portfolios on a daily basis, including individual, institutional, pension and profit sharing accounts.  Mr. Reid has developed a special area of focus, working with clients in the sports and entertainment industry.  He has been quoted and featured in several prominent newspapers and magazines, including Billboard, WSJ.com and USA Today, where he was referred to as “Broker to the stars, athletes and their lawyers”.  He has appeared on several television and radio talk shows, including CNBC and CNN.  He serves on the Board of the Rhythm and Blues Foundation and is a lifetime active member of Omega Psi Phi Fraternity, Inc.  In 2002, he was inducted into the Black Entertainment and Sports Lawyers Association’s Hall of Fame.  He also served two terms on the Board of Governors of the National Academy of Recording Arts & Sciences and profit sharing accounts. Learn more about Ted at http://www.morganstanleyfa.com/octavius.reid.iii/story.htm.

How do you feel as though your role as a Senior Vice President and Wealth Advisor benefits the entertainment and new media industries?

My main focus with clients in these industries is financial literacy.  Essentially, I show these people how to take the income they make and manage it in a way so that it can last them for an extended period of time.  While many of these clients have significant amounts of income, they may not all be financial experts.  That’s where I come in and help these people consistently put money away, so that they can eventually retire comfortably and maintain a consistent lifestyle.

As a Senior Vice President and Wealth Advisor, how exactly do you go about attracting new media clients?                           

I attract these clients primarily via word-of-mouth.  Having been with Morgan Stanley for twenty-seven years and spending twenty-six of those years in this field, I have established myself and networked with a wide array of individuals, both inside and outside of the Wealth Management business.

In your personal opinion, do you see any particularly unique financial barriers for any of your new media clients?                       

For many new media clients, it is difficult for them to develop a propensity to spend less and save more.  The biggest obstacle for these clients is that given their visibility, they tend to be the most susceptible to unscrupulous investors.