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NABET 700-M UNIFOR represents over 1000 Film, Television and New Media Technicians in the province of Ontario.

NABET 700-M UNIFOR
100 Lombard Street
Suite 303
Toronto, ON
M5C 1M3
Tel: 416-536-4827
Fax: 416-536-0859
Email:
info@nabet700.com

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July 28, 2014

Weekly Update from Film Ontario, July 25, 2014

Happy Friday!

This week the Provincial Liberal Budget passed third and final reading, and the House rose; they're back on October 20th. Over the next few weeks we will see some Deputy Minister, Assistant Deputy Minister and Chief of Staff changes, and the government begins their work to implement their Budget.

Our own Kelly G-S will be in town August 13-15th. If you would like to schedule a meeting with her, please contact her directly
torontoontariofilm@gmail.com

Wishing you a lovely weekend!

Sarah Ker-Hornell
CEO & Executive Director
__________________________________________________________________

Weekly Update from Kelly Graham-Scherer, Los Angeles Representative

Happy Friday everyone,

A new report released this week by the California Film Commission bolstered the argument in favor of expanding the state's film and television tax credits. As detailed in the Los Angeles Times below, the commission analyzed projects that applied for, and did not receive a tax credit, and found that more than $2 billion in production spending migrated elsewhere as a result.
http://www.latimes.com/entertainment/envelope/cotown/onlocation/la-et-ct-film-tax-credit-report20140723-story.html

If you only read one article about the push to expand California's film and television tax credits, I recommend the one below published this week by The Wrap: it's probably the single best analysis I have read regarding where things currently stand and it also clarifies that the long-awaited dollar figure for the proposed expansion is likely to be set in the next few weeks.
http://www.thewrap.com/the-420-million-question-how-much-will-california-set-aside-for-tv-film-tax-credits/

Louisiana's film and television industry was the subject of a glowing article in Mashable this week. In the article below, the state is touted as "The Next (and better) Hollywood" and name-checks Toronto as "Yesterday's 'Hollywood of Tomorrow'".
http://mashable.com/2014/07/22/louisiana-new-hollywood/?utm_medium=feed&utm_source=rss

The tax credit program in Louisiana has not been without controversy, however. As detailed in the Hollywood Reporter below, Seven Arts Entertainment CEO Peter Hoffman has failed in a bid to have a Louisiana federal judge throw out the government's tax-credit-related fraud case against him.
http://www.hollywoodreporter.com/thr-esq/peter-hoffman-cant-escape-prosecution-720016

Forbes magazine published a fascinating article this week which examines the role U.K. tax credits played in the production of the fourth movie in the Pirates of the Caribbean franchise. As reported below, the movie has been revealed as the most expensive in history with production costs of $410.6 million, according to new research by Forbes.
http://www.forbes.com/sites/csylt/2014/07/22/fourth-pirates-of-the-caribbean-is-most-expensive-movie-ever-with-costs-of-410-million/

The good news just keeps coming for Netflix. Last week it scored more than 30 Emmy nominations and this week a second quarter report confirmed it now has more than 50 million subscribers. As reported in Home Media Magazine below, Netflix also revealed its strategy of upping attention on originals to strengthen the brand, exert greater distribution control on content and lure even more subscribers.
http://www.homemediamagazine.com/streaming/orange-new-green-netflix-33719

And finally this week, as subscriber-based distributors like Netflix continue to shine, there is concern amongst traditional network broadcasters. As reported in the Los Angeles Times below, this year's annual upfront advertising market, when marketers place their orders for commercial spots for the coming year, was unexpectedly weak as broadcast networks ABC, CBS and Fox collectively booked $600 million less this summer than during last year's market, according to estimates by network executives and analysts.
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-television-advertising-20140724-story.html

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