Michigan studios to be built
Michigan is on the verge of completing a deal that will see three film and television studios, worth an estimated USD80 million, built in the southeast of the state.
Michigan is on the verge of completing a deal that will see three film and television studios, worth an estimated USD80 million, built in the southeast of the state.
Zentropa, the Danish production company founded by director Lars Von Trier, is due to open its first Norwegian office under the name Zentropa Norge.
Although the UK box office is seeing record sales, GBP949.5 million was spent in 2008 which equates to a 5% increase on 2007, its production is certainly not.
The long-awaited study by Ernst & Young on the economic return by the state’s film and media incentives found that for every USD1 extended in state tax credits, state and local governments received USD1.50. The results will be a great relief for the New Mexico film industry as an earlier survey reported that the return could have been as low as 15 cents.
A report produced by Oxford Economics indicates that the UK's film tax credit system is having a negative effect on co-productions and actvities overseas.
While fears of an impending SAG strike in the USA and the global credit crunch may be slowing the number of big budget fillms going into production, there are signs that the commercial industry is having a slightly better time.
David Fincher has become the first director to be nominated for a Director's Guild of America award in both the film and commercial categories.
Imagenation, a subsidiary of the recently launched Abu Dhabi Media Company, has created a division which will focus on developing film and digital content. Five to seven projects will be funded, and the aim is to introduce local creative talent to the international market.