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Steven Soderbergh is the latest in a long line of major US film-makers to be lured across the border, shooting his Che Guevara film The Argentine in Mexico. With its low costs, diverse landscapes, professiona stanley cup l crews and proximity to Los Angeles, the country has long been a popular production destination for Hollywood.And now Mexico s leading financial incentive - article 266 of the Film Law, which was previously only available to local directors - can also be accessed by US and international directors shooting in the country.As long as an international company has a local partner - or its own office in Mexico - it can receive up to $1.8m towards the production. However, 70% of that money has to be invested in Mexico through talent, production, hotels and so on.There is also a further tax incentive for international producers who hire a Mexican service company to assist w stanley cup ith their shoot. They can apply to recoup 15% of the VAT Mexico levies on transactions. We did take advantage of the 15% VAT, but we were not able to take advantage of article 226 as our director was American, says Amy Kaufman, the US producer of Cary Fukunaga s Sin Nombre, a US-Mexican co-production which shot in Mexico last year.Another major advantage of shooting in the stanley cup territory is the crew. Thanks to films such as Titanic, Apocalypto, The Mexican, Traffic and more recently Vantage Point, local crews have built up a wealth of experience on big productions. We had an amazing crew, really professional and w Jwly The 2010 Bafta Race
Seeking to mount profitable ventures at a time when the board is reportedly clamouring for bigger returns, The Weinstein Company has struck a deal with American Media Inc AMI and Jupiter Entertainment.The partners will focus initially on unscripted programming and said they would announce a reality TV project shortly.The venture calls for the development and production of original television, film and digital initiatives based on the stable of properties o stanley germany wned by AMI that specialises in, among other subjects, investigative r stanley kubek eporting on Hollywood, celebrity culture and true crime.The portfolio includes National E stanley cup nquirer, OK!, National Examiner, Soap Opera Digest, Mens Fitness and AMI claims to have a monthly reach of 35m readers. The deal marks a move into TV for AMI. There is an enormous, untapped opportunity at AMI to develop unique and engaging programming, said TWCco-chairman Harvey Weinstein, who acknowledged in an interview with The New York Times last week that he needs to monetise.The Weinsteins continue to explore TV opportunities and there had been talk of selling off the TV unit to ITV earlier this year. In recent times Harvey, Bob Weinstein and their president and CEO David Glasser have not scored as many film hits as they would like. Bob Weinsteins Dimension Films division released Paddington at the start of the year and it grossed a handy $76m. The sequel is in the pipeline.Before that, Quentin Tarantinos The Hateful Eight is set to open over the holidays ahea |
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