The film tax incentive known as “Section 181” is due to expire at the end of this year, removing one enticement producers have been using to convince investors to finance independent feature films. Part of the American Jobs Creation Act of 2004, Section 181 allowed investors to write off the complete cost of a qualified film in the first year. (Normally, this write-off is amortized, occurring in future years as a film demonstrates that it is money-losing.) If and when profits then occur, they are treated as ordinary income by investors. At the close of 2009, Section 181 was similarly […]

In sticking with our “Do Your Homework” theme, this week on the conversation we dissect one aspect of the micro-budget equation – crowdfunding. As someone who is about to use Kickstarter for the first time, I felt it was best to leave you in the capable hands of someone who had not only successfully met his goal, but who doubled it. Zak Forsman is no stranger to the world of microbudget filmmaking and I love his advice on crafting a great campaign. At IFP week I heard tons of questions from filmmakers on how to wrestle the task of a […]

Shortly after hitting send on this week’s newsletter, in which I wondered whether our current economic situation is similar to 2008, I came across this Reuters article by Joshua L. Weinstein, which wonders pretty much the same thing. Both he and I riff off this week’s Dow roller coaster ride, and while the Friday close was more optimistic than might have been expected on Tuesday, the macro challenges facing both the investment community and consumers remain. Hence, a potentially rocky road ahead. From Weinstein: But Hal Vogel, of Vogel Capital Management and the author of Entertainment Industry Economics: A Guide […]

“We want to encourage people to make good documentaries because we feel like there’s not enough good explaining in the world.” That’s The Economist Film Project’s editorial director, Gideon Lichfield (pictured right), about the recently announced partnership between the British weekly and the PBS News Hour. Beginning April, that “good explaining” will arrive in the form of segments on the PBS News Hour that will include six-to-eight minute clips from full-length and short documentaries as well as related discussions by the anchors, outside experts and, sometimes, the filmmakers. The Economist Film Project is currently in the midst of a submission […]

This article, written by Bergen Swanson, originally appeared in our Winter, 2002 issue. YOU’VE DONE IT! The screenplay you’ve been slaving over for months has finally been optioned by an edgy production company noted for offbeat films. Or, the movie that has consumed your life for the past two years has been picked up by a noted distributor. Emptying out your savings, selling your comic book collection, sleeping on friends’ couches – it’s all been worth it. But then the unthinkable happens. The company that bought your film or script files for bankruptcy, and your project gets thrown into legal […]

Initially it might appear that filmmakers Godfrey Reggio (Koyaanisqatsi) and Jonathan Caouette (Tarnation) have little in common with directors Kelly Reichardt or Rob Epstein. Caouette’s intensely self-referential experimental documentary footage or Reggio’s dreamlike visual-image essays differ considerably from Reichardt’s well-received narrative feature Old Joy or Epstein’s award-winning political documentaries. Behind the scenes, however, these filmmakers and nearly 500 more have obtained funding and support from the nonprofit organization Renew Media (formerly known as National Video Resources), established in 1990 by the Rockefeller Foundation to administer the annual Media Arts Fellowships. In 2003 Renew Media assumed full responsibility for managing the […]