|Page (1) of 1 - 01/30/12||email article||print page|
Michigan Approves New Five-Year Film Incentive ProgramAbove and Below the Line Eligible for 35% (January 30, 2012)
PONTIAC, MI -- (Marketwire) -- 01/30/12 -- Great news for Raleigh Michigan Studios, the Michigan production community and productions looking for fresh incentives; in late December Michigan Governor Rick Snyder signed SB569 into law giving the Michigan Film Office authority to award incentives to eligible productions.
Under the revised program, productions shooting at a qualified facility such as Raleigh Michigan Studios will be eligible for a 30% incentive for direct production expenditures. Michigan residents above and below the line will be eligible for 35%. Non-Michigan residents are eligible for 27% above the line and 25% below the line. Senate Majority Leader Randy Richardville, who sponsored the bill, indicated, "With the passage of this five-year program, we will now be able to focus on creating sustainable jobs for Michiganders and supporting and developing the infrastructure to support this exciting industry in Michigan." For more information visit www.michiganfilmoffice.org.
Anthony Wenson, Director of Operations at Raleigh Michigan Studios, said, "Working with Disney this past year on the largest movie the state has ever seen shows Raleigh Michigan Studios really can service a major motion picture. Now that we have predictability on the future of the incentive, we can show future productions the same service and professionalism that we showed the Disney team."
Wenson and his team recently wrapped their first production at the brand new state-of-the-art facility in Pontiac. Philip Steuer, executive producer of the film "Oz: The Great and Powerful," explained, "Raleigh Michigan Studios is a world class facility. It provides all the necessary tools under one roof to make a great movie, making it an ideal venue for all sized productions."
"With this legislation now in place we can now move forward with our efforts to promote and grow the film industry here in Michigan," said Carrie Jones, Director of the Michigan Film Office. "We are looking forward to bringing in some great projects this year, while focusing on the talent and infrastructure Michigan has to offer."
The Film Office will be required to process applications within 21 days after their completion and has discretion to approve projects based on their economic impact in Michigan. New applications are available now on the Michigan Film Office website.
About Raleigh Michigan Studios:
Raleigh Michigan Studios is located in Pontiac, Michigan and is a partnership between Raleigh Studios, the Nelson family, John Rakolta, The Taubman Group and WME. The studio has seven custom-built world-class soundstages and over 360,000 sq. ft. of production office and support space.
Anthony Wenson, Director of Studio Operations, Raleigh Michigan Studios
About Raleigh Studios:
Raleigh Studios is the largest independent studio operator in the United States with locations in Hollywood, Manhattan Beach, Playa Vista, Baton Rouge, Atlanta, Budapest, and Michigan. For additional information visit www.raleighstudios.com
Michael Newport, VP of Marketing & Client Development
Director of Studio Operations, Raleigh Michigan Studios
VP of Marketing & Client Development
Copyright @ Marketwire
Related Keywords: Raleigh Michigan Studios , USA, Marketwire, , Film, Family,