While in the process of making a film, the financing largely determines the outcome of a production. With a small budget, a producer is limited to locations and assets. Good producers manage to take advantage of money saving opportunity programs while working on small budget project to help stretch out there budget. For example, Neill Blomkamp and Peter Jackson were director and producer of the film District 9. With only $30 million, an incredibly small amount for a feature film, Blomkamp and Jackson took advantage of local tax incentive programs, these programs lowered taxes on purchases and rentals. By doing this it gave Blomkamp more freedom to extend his budget. Recently, the United States has adopted tax incentives to encourage growth in the film industry however; there is controversy over whether or not these incentives are as effective as they appear. This raises the question: Should tax incentives be used as a method to encourage the production of films? Tax incentives, a term that encompasses many types of tax systems, focus on encouraging economic growth by lowering or, in some cases, completely removing the tax on purchases by a film production. Specifically, tax incentives that deal with encouraging the film industry are known as Movie Production Incentives. These can be subdivided into five basic categories that are tax credits, cash rebates, grants, sales tax exemption, and fee-free locations, which have relatively similar definitions. Tax credits are the simplest, which deduct a portion or percentage of the tax from a purchase. For example, if a production needs 10 widgets at $10,000 each with a tax of 20 percent, the final cost adds up to be $100,000 plus $20,000 in tax totaling at $120,000. If a state government offers a 75 percent tax credit on widgets, this means that the tax is reduced from $20,000 to $5,000. By taking advantage of an existing MPI
Filmmakers that have a multiple picture deal with a studio are guaranteed the financing to produce the films expected. Independent non-contractual filmmakers must worry about finding funding through other sources if they cannot afford to pay out of their own pocket. According to Hamlett (“How to F...
Most people are likely to relate Hollywood with money. If a person lives in the Hollywood area, people assume she or he is probably rich. If she or he is a Hollywood movie star, the person probably makes a lot of money. Therefore, to follow that line of thought, when Hollywood producers make a movie, they make it just for money. And some filmmakers do seem to make films only for the money the movies will earn. The action movie "Die Hard", the fantasy movie "Star Wars", and the adventure movie "Jurassic Park" are examples of exciting movies that were made just for the money by satisfying the audiences' appetite for escapism.
John Small, a fourteen year old boy in Uptown St. Paul, proceeds into the Suburban World Cinema, anxious to see Abel Ferrara's Bad Lieutenant. He is equipped with a parental note, replete with the phone number where his parents can be reached to verify that they did indeed author the note should its authenticity be questioned. John pushes seven crumpled-up dollar bills and the folded note into the metal dugout under the box office window, only to be met with a tinny, disinterested voice booming through the round silver speaker mounted on the window: "No children under seventeen allowed! Sorry. This note isn't gonna cut it."
It can discourage business investment and expansion, as additional profit is taxed at higher rates
In this scenario, a large film making conglomerate wishes to examine a number of potential film making projects. Each project is to be ranked according to its feasibility, measured by the ability to adhere to a number of corporate objectives. There are seven proposed movies to be judged and the conglomerate will produce four to six each year.
Over the years, Bollywood has emerged as its own distinct identity in the global Film industry. Bollywood is the global leader in production of movies with a staggering 27,000 featured films and thousands of short films. ( Pillania 1) However, Hollywood is still the leader in revenues generated. Due to the growth of the Indian market and globalization, Bollywood has made its way to the international markets. Globalization is often misrepresented as the growing influence of the western culture in the world and so we tend to state that Hollywood is influencing Bollywood to a great extent. An argument can be made to justify the validity of that statement. However, this paper aims at presenting the influence of Bollywood on Hollywood in terms of music, dance and visual representation. This papers deals with a specific part of globalization, providing evidence that it
The late 1920s was a turbulent time of unknowns for the motion picture business due to the rapidly approaching advent of sound, which threw a wrench into a well-oiled machine that had been making silent films exclusively for nearly two decades. Studios, whether they liked it or not, were being forced to confront these new technological challenges and expectations head-on. As a result of the two versions that were ultimately created, Blackmail has the unique distinction of being both Hitchcock's last silent film as well as his first talkie.
Socially educated parents are more likely to make decisions based on updated information, whereas parents, who lack higher education or have less education, make decisions without getting the background information. Demand for movies could be dependent on this factor. Also, people who have a more prestigious job reputation or social reputation can influence demand. These people carry this prestige because of the ways that society views their characteristics either as a group or as an individual. People that own homes may be more likely to attend movies rather than renters. In Canada, the population is aging. The age for the average movie-goer is increasing.
The Golden age of Hollywood marked a time in American films history in which films were produced and distributed at rate never seen before or since. During this period, the film market in America was basically entirely run by 8 major companies. This period would also be known as the American studio years. Within these 8 companies there were two categories of power that each major studio system fell into. The big 5 consisted of studios that functioned as vertical integrated which meant that they produce film, distribute films, and they own theater chains. The 5 studios in this category were Paramount, MGM, 20th Century Fox, Warner Bros, and RKO. Then we have the big little 3, which was composed of Columbia, Universal, and United Artist. They were called the big little 3 because these companies either distributed or made films but they did not on movie theaters, so they had a lot less power. The studio era was not only largely controlled big studio companies, but also by various amounts of expectations and assumptions about hoe movies should be made, what kinds of stars should be on different kinds of films, and a need to acknowledge the ordinary conventions of society
The film industry has always been somewhat of a dichotomy. Grounded firmly in both the worlds of art and business the balance of artistic expression and commercialization has been an issue throughout the history of filmmaking. The distinction of these two differing goals and the fact that neither has truly won out over the other in the span of the industry's existence, demonstrates a lot of information about the nature of capitalism.
...rding to the US Economic Census, motion picture and video production in the United States as a whole generated revenues of $20.15 billion in 1997, with Hollywood alone being responsible for close to 60% of this total.” (US Census) Hollywood’s success has come with no great competition to push for more, and with the emergence of film globalization, it should be very interesting going forth seeing if they can maintain the ideal motion picture headquarters. Its unique pool of talent drawn from many different countries cultural impact of Hollywood films is now felt in all parts of the world.
possibly on several things. The average production budget of a major studio film in 2007 was
Many people don’t think about it so much, but movies (or just film in general) have become such a big part of our lives that we don’t think much of it because it just feels like a usual part of living. But have you ever wondered why this is, and how far back film started? Movies and film have been around for a long time, have developed in big ways throughout time, and has advanced in such a big and new way to this day.
Computer technology invades the film industry. The existence of computers have aided in the production of genres of film ranging from action movie special effects, to cartoon animation and claymation. Computer Generated Imagery, better known as CGI, assists filmmakers in many ways. An image can be made two-dimensional from a three-dimensional scene, camera angles can be altered to make a character seem larger and thus more important than its surrounding bodies, and colors can be brightened or neutralized, among other things (Parsons, Oja 1). Without the aid of computers, movies would not have the ability to be what they are today.
Tax expenditures are popularly known as tax loopholes or tax breaks. It departures from the normal tax structure and ...