Tv Production Services
Louisiana has always has a unique blend of exceptional culture, good food and wonderful history. But in recent years the State has thrown the financial incentives in the gumbo "," too. These film tax credits have provided the "spice" that has prompted Louisiana to one of the top film at the world.
According to officials, the film production in 2008 from Louisiana has already surpassed the 2007 figures in terms of dollars in total and the number of projects. The news could not come at a better time for Louisiana – a state that has worked hard to find ways to replace lost in tourism has hurt the state in the post-Hurricane Katrina.
Some key facts about Louisiana's film industry:
* More $ 2 billion in productions have been filmed in Louisiana since 2002
* The total direct impact of the economy of Louisiana is 1.48 billion U.S. dollars
* The percentage of film budgets spent in Louisiana has increased from 33% in 2005 to 87% for 2007
* Film-related jobs Louisiana has grown at a rate of 23% per year
* Over 50 projects were completed in 2007 statewide
* An estimated 65 projects will be completed in 2008
Source: Louisiana Film Office
The success of number Tax Incentives
The film industry sat up and realized in 2002 when the Louisiana State Legislature passed an aggressive program of film tax incentives. Louisiana Investor film offers the tax credit program state production companies a tax credit equal to 25% of its spending in Louisiana during film production. The working tax credit offers A provision of additional tax of 10% based on the amount of labor employed in production for Louisiana.
So what was the impact of these tax incentives film? No doubt the lure of tax credits has contributed to the growth of the film industry throughout the state. From Private investment for stage and studio sound – the impact will be statewide. Many local colleges and universities have already added specialized training programs to meet the growing workforce demands
Music and Television Productions
In addition to studio productions of Louisiana film tax credits have developed in music and television programs such as:
* Disney's Imagination Movers "
"*" From Fox, K-Ville "pilot fired his first year in some of the resorts most popular New Orleans last fall.
* The couple "Odd Subway" commercial looking New Orleans Saints star Reggie.
* Warbirds, a film Sci-Fi Channel original shot in the Baton Rouge area, and recently made his Premier TV worldwide.
Key Infrastructure Developments
Not to be overlooked in the success of this young industry is the infrastructure of 40% tax credit that has encouraged the development of support facilities which are necessary for production. These new facilities will allow film studios to perform more of their work in the state thus maximizing their "Louisiana spend."
Key Production Partners
FBT Film & Entertainment (www.fbtfilm.com) is the sole provider of incentive programs in Louisiana film affiliates to a bank. Through our relationship with First Bank and Trust we are able to offer producers a full range of support services, including:
* Movies subscription, the draft study and evaluation of funding gap
* Private equity placements
* Budget Analysis to optimize the potential of tax credits
* Foreign bank and deposit services
* The acquisition of certificates of state credits
* Maximize the value and sale of tax credits
FBT Film is your “one stop shop” for all of your Louisiana production incentive services. Contact us today for more information about Louisiana’s growing film industry or its tax incentive programs.
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