Unless ones had their head in the sand the last several months it should be quite obvious that the film tax incentives landscape has changed drastically. The soft film finance money aiding a film budget for independents and studios alike has been steadily evaporating.
Newly elected officials in the legislatures and the Governor's office have taken the reigns to draw in expenditures and balance budgets. The wisdom of doing so in massively scaling back the incentive for inward film production spend dollars remains to be seen, however it is clearly already putting thousands of film production crew out of work across the country.
The direct result is reduced film funding for indie films and an even greater importance for a lean and accurate film budget and schedule to present to investors. Greater attention to detail and utilization of the latest economizing production techniques is certainly needed.
Newly elected officials in the legislatures and the Governor's office have taken the reigns to draw in expenditures and balance budgets. The wisdom of doing so in massively scaling back the incentive for inward film production spend dollars remains to be seen, however it is clearly already putting thousands of film production crew out of work across the country.
The direct result is reduced film funding for indie films and an even greater importance for a lean and accurate film budget and schedule to present to investors. Greater attention to detail and utilization of the latest economizing production techniques is certainly needed.
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