Filmmakers win almost all that they asked for
HOLY COW!
Big news for Australia. Big tax credits (40% rebate on production
costs).
Filmmakers win almost all that they asked for...
John Garnaut
May 9, 2007
THE Arts Minister, George Brandis, gave the film industry almost
everything it wanted last night, with a $280 million funding injection
over four years.
As foreshadowed last month in the Herald, local filmmakers will
receive a 40 per cent tax rebate on production costs.
The scheme is expected to be more effective - and far more costly -
than the infamous 10BA tax deductions and subsidies it will replace
from July 1.
The Australian Film Commission will be merged with the Film Finance
Corporation and Film Finance Australia to form a new super agency, the
Australian Screen Authority.
The changes are considered the most important for the industry in more
than a decade.
Some in government believe they will mark a ceasefire in the cultural
wars played out between the arts community and the Howard Government.
The tax rebates should ensure taxpayer money goes straight to film
productions, rather than the financiers and promoters of tax avoidance
schemes.
Productions of television series and documentaries will also be
eligible for a 20 per cent tax rebate.
Foreign film producers will have their "location rebates" raised from
12.5 per cent to 15 per cent, following one of the leanest foreign
production years in modern history.
Eligibility for the foreign scheme will be relaxed to include
post-production and digital production.
Full Article... Hmm, I wonder if the following article had anything to
do with it? or vice versa.
WB AND ANIMAL LOGIC EXTEND PARTNERSHIP FOR ANIMATION
Warner Bros. Pictures and Animal Logic have taken the logical step
after the financial and Oscar-winning success of HAPPY FEET to extend
their partnership. The two companies will jointly develop and
co-produce a slate of animated features, with three projects, to be
announced in the coming months, already earmarked for development.
Warner Bros. Pictures will have worldwide distribution rights for all
films produced through the deal. It's uncertain whether a HAPPY FEET
sequel would be part of this package, since director George Miller is
first eying a few other projects.
The deal marks a significant expansion into animation for the Sydney,
Australia-based vfx house after its initial outing with HAPPY FEET.
"HAPPY FEET was such an incredible achievement that expanding our
development and production partnership with Animal Logic felt like a
natural next step," said Jeff Robinov, president, production, Warner
Bros. Pictures. "We're thrilled to be in business with such a
respected and innovative animation and digital production studio and
look forward to many more successful joint projects."
Throughout production on HAPPY FEET, which was the first 3D-animated
feature ever produced in Australia, Animal Logic grew from a primarily
visual effects company to a fully operational animation studio, at the
same time growing its core crew of approximately 150 to more than 500
at the peak of production. Not surprisingly, this talent and
production pipeline created for HAPPY FEET (which was XSI-based) will
be used for future projects with Warner Bros. Pictures.
Meanwhile, Animal Logic has named Jackie O'Sullivan as head of
development/exec producer to oversee development of all Animal Logic
projects into production. O'Sullivan has worked in the film and
television industry in England and Australia as a film exec/producer
in development and production for the last 15 years, including head of
business affairs for the UK Film Council and gm/exec producer for
Columbia Tristar Prods., starting off as a film lawyer in London in
1992. Her film credits include THE PROPOSITION and THE SOUND OF ONE
HAND CLAPPING. Her television credits include NEVER TELL ME NEVER,
WITCH HUNT and SIMONE DE BEAUVOIR'S BABIES.
"While we have long relied on Animal Logic for their fantastic visual
effects work on many of our films, we were their partners as they took
their company to a new level with HAPPY FEET," said Chris deFaria,
evp, digital production, Warner Bros. Pictures. "Animal Logic is a
creative and innovative animation house, and we couldn't be happier to
continue collaborating with them on these projects."
"We're thrilled to continue and expand our relationship with Warner
Bros. Pictures," added Animal Logic ceo Zareh Nalbandian. "The wide
slate of project opportunities assures Animal Logic's ability to
continue to produce engaging and innovative digital features. It
supports our technical and creative point of difference."
Previous Warner Bros. Pictures films on which Animal Logic provided
visual
effects include 300, HARRY POTTER AND THE GOBLET OF FIRE, THE MATRIX
and THE MATRIX RELOADED.
With offices in Australia and Los Angeles, Animal Logic is represented
in
the U.S. by CAA.
Labels: Animated Features, CG, News, Outsourcing, Overseas Production,
The Biz, Visual FX
posted by Angie Jones and Jamie Oliff @ 2:26 PM 1 comments links to
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How to paint the MONA LISA with MS PAINT
This is nuts, I guess we don't need Photoshop
and all those tools in CS2 after all?
 
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