Law.com Subscribers SAVE 30%
Call 855-808-4530 or email GroupSales@alm.com to receive your discount on a new subscription.
International Film Production Incentives
Given the ever-increasing expense of filmmaking in the United States, and particularly in California, many filmmakers have looked for alternatives to the traditional Hollywood-based production. While this trend originally was for smaller-budget and independent films, more and more producers and large studios have sought alternate locations in which to film. While certain U.S. states like Hawaii, New Mexico and New York provide tax incentives and other ancillary location benefits, these states haven't generally been as successful in luring so called “runaway production” as have countries with incentives that may be available.
Various international destinations are attracting productions away from Hollywood for, among other reasons, a particular nation's economic realities. Many international destinations enable a filmmaker to provide food, lodging, filming locations, acting and other creative services at a much lower rate than available in Hollywood. If a filmmaker is able to shoot in a location that is economically depressed compared to the United States, a film's ancillary production costs may be reduced by 50% or more. While there may be certain inherent risks to personnel and equipment in filming in some of these less-accessible locations, the benefits in terms of production-cost savings may greatly outweigh potential difficulties.
In addition to the exchange-rate benefits a filmmaker may receive, many nations have instituted production, financing or tax incentives that can be a boon in reducing a production's overall budget. These incentives were enacted, for the most part, as an attempt to protect the respective nations' film industries. Among the countries that have such incentives, Australia, Canada, Ireland, New Zealand and the United Kingdom are the most generally beneficial and widely utilized. The terms of these and other countries' incentives are discussed below.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at customercare@alm.com or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?