THE PURPOSE OF THE TRADEVINE IS TO ENCOURAGE THE ENTERTAINMENT INDUSTRY TO READ THEIR TRADES: VARIETY, HOLLYWOOD REPORTER, BACK STAGE, ETC. ENJOY LEARNING ABOUT YOUR INDUSTRY.
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Hi everybody, I’m Natalie Fischbach of the Actors Reporter and welcome to the TradeVine. Happy New Year! Our goal at the TradeVine is to help you stay informed and to keep up with some of the entertainment news you may have missed in the Trades, such as The Hollywood Reporter, Daily Variety, and Backstage.
Back Stage, December 28th – 5 New Year’s Intentions for Actors, by Craig Wallace. Acting teacher Craig Wallace believes in setting intentions rather than resolutions for the New Year. He finds intentions more active and enables him to focus more on what he is willing to give instead of what he wants to receive. So here are a few ideas of intentions for actors. 1. Intend to go deeper into your work, bust boundaries, and take big risks. 2. Intend to offer a glimpse of your soul in all of the work you do. 3. Intend to inspire others through work and through life. 4. Intend to bring dignity to every role you play. 5. Intend to be completely vulnerable in your work so that others can see themselves in you.
Hollywood Reporter, January 1st – Fiscal Cliff: Hollywood Tax Incentives Renewed Under Deal, by Tina Daunt. Hollywood, particularly TV production, emerged from New Year’s frenetic congressional spitting match over taxes as a quiet, but substantial winner. In what appears to be a reaffirmation of congressional faith in the entertainment industry as a creator of high-wage jobs, the tax bill drafted by the Senate and passed by a divided House extends for another year production tax credits. This is a significant Federal tax incentive that allows producers of qualifying productions to take an immediate tax deduction for the full or partial costs of a production in the year the cost is incurred.
Daily Variety, December 5th – Coin for the savvy, Future of Film Summit 2012, by Todd Longwell. With the recession easing but the home entertainment market a fraction of what it once was, financing films remains as challenging as ever. But there are still opportunities for savvy filmmakers in this changing marketplace. Strategic investors and Asian countries are among those stepping up to the plate with money and incentives. As studios focus more on event-driven films with built-in awareness, it’s left a void in the market for genre movies, so independents are able to step in, make a ‘Paranormal Activity’ and go sell the rights internationally. Others must look within, as director Steven Soderbergh and star Channing Tatum did when they self-financed the feature “Magic Mike.” But most eyes seem to be focused on the East, and China in particular, as both a consumer of content and a source of financing.
Well, that’s it for the TradeVine this week. I’m Natalie Fischbach. Thank you very much for watching. And remember, You heard it through the Tradevine!