Friday, October 24, 2014

Box Office Bombs: Made in Michigan

Box Office Bombs: Made in Michigan [Michigan Capitol Confidential]
Many films are getting more money from Michigan taxpayers than they are at the theaters

"The Genesis Code," a film shot in Michigan, received about a dozen local newspaper stories during the two years of filming and its theatrical release.
The film received a lot of media attention because it was filmed in west Michigan.
The audience reaction was much more restrained:
The movie made just $20,300 at the box office after its Feb. 18, 2011, release. 
However, Michigan taxpayers are on the hook for $1.74 million in the form of a tax subsidy reimbursement to help offset the $4.5 million that filmmakers spent in the state while shooting.
A review of the movies awarded $1 million or more in tax subsidies listed in the 2009 Michigan Film Office annual report found that six of those seven movies received more in subsidies than they made up at the box office in U.S. theaters.

No comments: