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X-WR-CALDESC:Events for Grumman Studios
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DTSTART;TZID=UTC:20140118T080000
DTEND;TZID=UTC:20140118T170000
DTSTAMP:20260604T185934
CREATED:20200406T124851Z
LAST-MODIFIED:20200406T124851Z
UID:229-1390032000-1390064400@grummanstudios.com
SUMMARY:Proposed Changes to 2014 Film Tax Regulations
DESCRIPTION:As originally posted on: \nProgram Purpose\nThe New York State Film Tax Credit Program is designed to increase the film production and post-production industry presence and overall positive impact on the State’s economy. \nProgram Highlights\nThe Film Tax Credit Program provides incentives to qualified production companies that produce feature films\, television series\, relocated television series\, television pilots and television movies\, and/or incur post-production costs associated with the original creation of these film productions. Program credits of $420 million a year can be allocated and used to encourage companies to produce film projects in New York and help create and maintain film industry jobs. Of the $420M\, there is a set-aside for the post-production credit that will be increased from the current $7M to $25M per year beginning in 2015. \nFilm production companies may be eligible to receive a credit of 30 percent of qualified production costs incurred in New York State and 35% of post-production costs if incurred in Upstate NY. Additional credits are available beginning in 2015 for labor expenses incurred in certain counties in upstate New York. \nEligibility\nThe Program is limited to feature films\, television series\, relocated television series\, television pilots\, and television movies. \nThe Film Production Tax Credit Program has two separate components: the film production credit and the post-production credit. \nThe production credit is available for companies that film a substantial portion of their project in NYS.\nThe post-production credit is available where the project was filmed predominantly outside of the State and the film production company contracts their post-production work to any of the abundant supply of companies in NYS specializing in post-production work. \nFilm Production Credit\nQualified production costs are for tangible property or services used or performed with New York State directly and predominantly in the production of a qualified film. Qualified costs generally include most below-the-line items associated with the production\, such as labor costs incurred on set construction\, crew\, and camera equipment\, film stock\, developing\, and printing of a film. Post-production costs such as film editing\, sound design and effects\, and visual effects may be qualified production costs for purposes of the film production credit. \nEligibility requirements vary based on the type of film company and the budget.\nIf the film has a production budget of over $15 million or is being produced by a publicly traded entity. At least 75% of the total spend at production facilities (excluding post-production costs) must be qualified costs incurred at a qualified facility in New York State; AND\nAt least 10% of the total principal photography shooting days must be at a qualified facility in New York State. \nSmaller productions with budgets of $15 million or less produced by companies that are independently owned must meet the 75% rule for costs incurred at a qualified facility but not the 10% requirement for principal photography. However\, at least one shoot day must be on a stage built for the production at a qualified facility. \nFor productions that spend less than $3 million at a qualified facility in the State\, at least 75% of the principal photography shooting days must be spent in New York State. \nPost Production Credit\nPost-production costs associated with the production of original content for a qualified film that are incurred at a qualified post-production facility in New York State are eligible. A qualified post-production facility must be located in the State and engaged in finishing a qualified film. \nTo qualify for the post-production credit\, a film production company must spend at least 75% of its total post-production costs\, EXCLUDING THE COSTS OF VISUAL EFFECTS AND ANIMATION\, at a post-production facility or facilities in New York State. \nVisual Effects and Animation\nCosts for visual effects and animation are treated separately from all other post-production costs\, and there is a separate eligibility threshold. Visual effects and animation costs qualify for a credit if either 20% or $3 million of all such costs are incurred in NYS. If both the 75% rule AND the 20% or $3 million eligibility threshold can be met\, then all qualified post-production costs incurred in the State can be used when determining the credit. \nContact Information\nIf you are interested in more details or have specific questions about the Program\, please contact the Film Tax Credit Program at (212) 803-2328 or via email at filmcredits@esd.ny.gov.
URL:https://grummanstudios.com/event/proposed-changes-to-2014-film-tax-regulations/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20131021T080000
DTEND;TZID=UTC:20131021T170000
DTSTAMP:20260604T185934
CREATED:20200406T125122Z
LAST-MODIFIED:20200406T125122Z
UID:233-1382342400-1382374800@grummanstudios.com
SUMMARY:The Thrills Will Be Alive on L.I. with NBC’s ‘Sound of Music’
DESCRIPTION:The vast complex where scientists built the Apollo lunar lander will double for the Austrian Alps when NBC televises its live version of “The Sound of Music” on Dec. 5.
URL:https://grummanstudios.com/event/the-thrills-will-be-alive-on-l-i-with-nbcs-sound-of-music/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20131001T080000
DTEND;TZID=UTC:20131001T170000
DTSTAMP:20260604T185934
CREATED:20200406T125211Z
LAST-MODIFIED:20200406T125211Z
UID:235-1380614400-1380646800@grummanstudios.com
SUMMARY:TV and Film Production in New York at An All-Time High
DESCRIPTION:Originally Posted On October 1st\, 2013 by Broadcast Engineering \nA Super Session at this year’s Content and Communications World (CCW) Show on November 13-14 in New York will look at the benefits and drawbacks of such increased activity for both the city\, state\, and residents who live there. The panel discussion\, “NY TV & Film at All-Time High – Is It a Good Thing?\,” will be moderated by Mike Jackman Co-Chair\, New York Production Alliance\, and Executive Vice President of Post Production at production company FilmNation Entertainment. Jackman is also Senior Vice President at Brevity Ventures and a filmmaker with over 25 years of experience in various aspects of the business. \n“We want to point out the great value that film and TV production brings to the community\, the city\, and the state of New York\,” Jackman said. “I think it’s not too much of a good thing; it’s growing and adding valuable\, high-paying jobs for blue-collar workers [carpenters\, electricians\, grips\, makeup artists\, etc.].” \nVeteran filmmaker Mike Jackman has lobbied for tax incentives that are bringing new business to the mean streets of New York. \nPart of the reason for the renewed interest in shooting in New York has been a number of new tax incentive initiatives that have been instituted by the city and state governments; which has stimulated producers to work in New York.
URL:https://grummanstudios.com/event/tv-and-film-production-in-new-york-at-an-all-time-high/
CATEGORIES:News
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