The New York State film production tax credit has increased its allocation from USD350 million to USD429 million per year. This will start in 2010’s tax year and will be valid for five years. There will however be an increase in the percentage or number of shooting days that must be shot at a qualified facility.
UK finance and production company Future Films and Canadian based Mediabiz International have launched a joint film fund. They will invest in co-productions from the UK, Europe and Canada.
The Hawaii Film Office is going through a political restructuring which might result in its closure. The commissioner, Donne Dawson, and her staff are being let go, but a few
The Iowa Film Office is under criminal investigation after the discovery of irregularities in the handling of its film tax credit programme. An audit, conducted by the accounting firm
The German Federal Film Fund (DFFF) was launched at the start of January 2007 and was a tremendous New Year’s present for the German film industry. When it’s generous (16 to 20%) cash subsidies were viewed in combination with a sophisticated national
Italy continues to show how seriously its taking film incentives. Following the announcement of a national tax credits scheme earlier in the year, Sicily has now
An adaptation of Louis de Bernières’ best-selling novel Red Dog is among USD12.5 million of new Screen Australia investment. The film was adapted for the screen by Daniel Taplitz and will be directed by Kriv Stenders and produced by Nelson Woss and Julie Ryan. Production is expected to take place in Western Australia’s Pilbara from October.
In an attempt to promote Israeli culture and image abroad, Israel’s Finance Ministry has announced tax breaks for investors in local film productions.