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Maximizing Your Film Budget with New Jersey’s Film Tax Breaks

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the staff of the Ridgewood blog

The Importance of Film Tax Breaks

Ridgewood NJ, navigating the financial landscape of film production is crucial to bringing your creative vision to life. One of the most impactful ways to manage costs is through film tax breaks. Choosing the right state with the best incentives can be the difference between completing your project on budget and falling short. These tax breaks can turn an ideal location from a financial burden into a viable option, allowing every dollar to go further.

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New Jersey Reveals Tax Breaks for Netflix’s Film Studio Campus

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the staff of the Ridgewood blog

Eatontown NJ, exciting developments are on the horizon for Eatontown, New Jersey, as the state unveiled the comprehensive tax breaks that Netflix will receive upon opening its planned film studio campus in the area. Anticipated to open its doors in 2028, the Netflix production hub at Fort Monmouth is poised to receive substantial incentives from the New Jersey Economic Development Authority (NJEDA), offering a glimpse into the significant economic impact of this venture.

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More New Jersey Municipalities Go Film Ready

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the staff of the Ridgewood blog

Ridgewood NJ, New Jersey’s local film and television industry has expanded with the addition of several new municipalities and counties designated as Film Ready Communities. The New Jersey Motion Picture and Television Commission, under the New Jersey Economic Development Authority, revealed that 14 municipalities and four counties have successfully completed the Film Ready New Jersey Program.

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Film Production in New Jersey Once Again Smashes Record

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the staff of the Ridgewood blog

Trenton NJ, Governor Phil Murphy and the New Jersey Motion Picture and Television Commission announced today that overall in-state production spending from filmmaking exceeded $650 million dollars in 2022, besting the previous record of $500 million set for 2021. The announcement came at the outset of a series of meetings in California between Governor Murphy and the film, TV, and technology industries.

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Netflix Founder and CEO Reed Hasting Steps Down

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the staff of the Ridgewood blog

Ridgewood NJ , Netflix founder and co-CEO Reed Hastings is stepping down after more than two decades at the company. The company has been planning its next era in leadership for years and appointed Ted Sarandos as co-CEO in 2020. Greg Peters, the company’s current COO, will be promoted to co-CEO. Hastings will remain with Netflix as executive chairman of the board.

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Great Point Studios and the New Jersey Performing Arts Center Partner with Lionsgate to Open 12 Acre TV and Film Complex in Newark

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the staff of the Ridgewood blog

Newark NJ, Great Point Studios, a studio investment/management business specializing in film and television infrastructure, and The New Jersey Performing Arts Center (NJPAC), Newark’s anchor cultural and civic institution, today announced a partnership with global content leader Lionsgate (NYSE: LGF.A, LGF.B) to build a major new production facility in Newark. The facility will be owned and operated by Great Point Studios. As the facility’s long-term anchor tenant, Lionsgate will receive naming rights to the studio. NJPAC will manage public affairs and community relations for the studio and create educational programs and internships for Newark high school and college students.

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You Guessed it, Doctor Who makes the most-Googled TV shows List for Christmas

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the staff of the Ridgewood blog

Ridgewood NJ, with Christmas winking into view this week, USDish.com  issued a new report on each state’s most-watched TV show during Christmas divides the nation into 3 main groups , the Simpsons, the Office and Doctor Who

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Streaming Devices Poised to Dominate Viewing Preferences As Seven in 10 TV Viewers Stream Programming

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Streaming Devices Poised to Dominate Viewing Preferences As Seven in 10 TV Viewers Stream Programming

Second NATPE||Content First and Consumer Electronics Association content delivery study shows live TV decline, rise of multi-screen viewing

Las Vegas, Nev. (January 8, 2015) – While the television continues to provide the best quality picture and viewing experience, the way content is being discovered and consumed is changing dramatically, especially for millennials. According to the preliminary results of the second NATPE||Content First and the Consumer Electronics Association (CEA)® joint research study on consumers’ attitudes toward television viewing, just 55 percent of millennials use TVs as their primary viewing platform, while streaming devices – laptops, tablets, and smartphones – are poised to dominate their viewing preferences.

CEA and NATPE commissioned the study, conducted by E-Poll Market Research, to evaluate the TV content distribution landscape, explore the dynamics at play against the background of exploding consumer choices and determine how consumers find TV content and view it across different platforms. The initial findings were released today during a panel session held at the 2015 International CES®. Owned and produced by the Consumer Electronics Association (CEA)®, the 2015 CES, the world’s gathering place for all who thrive on the business of consumer technologies, runs January 6-9, in Las Vegas, Nevada.

https://www.broadcastingcable.com/thewire/streaming-devices-poised-dominate-viewing-preferences-seven-10-tv-viewers-stream-programming/136884

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‘US manufacturing has been lost. Now it’s happening to TV’

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‘US manufacturing has been lost. Now it’s happening to TV’

From Game of Thrones to Modern Family, more US TV series are being filmed outside America than ever before, says John Hiscock

Hollywood’s big-budget blockbuster movies have often been filmed overseas, particularly in England because of the tax incentives offered. Now television is following suit and more US series than ever before are filming outside North America. Why?

US TV networks are increasingly drawn by accommodating tax breaks, the easy availability of professional crews and the novelty of fresh scenery and different landscapes. This combination has greatly increased the attraction of shooting their shows overseas.

Smaller nations such as Sri Lanka have begun offering tax incentives, and others such as New Zealand have improved their own production infrastructures to make them state-of-the-art. Iceland recently lured the HBO series Game of Thrones as well as the feature films Noah and Prometheus.

In Japan, government and film industry officials are considering an incentive programme that would bring them in line with the more than 30 foreign countries trying to lure US TV series.

Even shows which are specifically set in California, such as the Fox TV series Alcatraz, have gone abroad. Alcatraz, whose story begins in the infamous prison in the San Franciso Bay, is in fact filmed in Vancouver, where now-cancelled series such as The X-Files were filmed in the past.

https://www.telegraph.co.uk/culture/tvandradio/11056398/US-manufacturing-has-been-lost.-Now-its-happening-to-TV.html