THE WILMYWOOD DAILY – 04/02/2014, HUGE Rumors From the Lot, Loomis Fargo, Secrets & Lies, Age of Miracles, Impact Study

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Good God!  An explosive amount of news came out yesterday!  I don’t know where to even begin!  Hmmm, let’s start with the fun stuff!  AND NOW IT’S TIME FOR [INSERT BILLOWING ECHO-Y VOICE] RUUUUMMOOOORS FROM THE LOT!

RumorslogoIf you remember back in the blog for Marth 17th, I reported that Twilight director Catherine Hardwicke was here scouting,  but I had no idea which of the 5 projects in development she was working on next.  Well, I did some more digging and put my ear to the ground.  It looks as though she was here for AGE OF MIRACLES.  The film is based on the Karen Thompson Walker best-Catherine-hardwickeselling novel of the same name. Seth Lochhead (Hanna) has adapted the screenplay. River Road Entertainment’s Bill Pohlad will produce. According to a press release announcing Catherine’s attachment to the project (over a year ago mind you) Age of Miracles is set amidst an advancing catastrophe after the Earth’s rotation mysteriously slows. It’s a suspenseful and romantic snapshot of one young girl’s adolescence, a poignant family drama, and a heartrending glimpse into the everyday tragedies and triumphs that define what it is to be human in a world that might just be ending.  As for details, well my sources tell me that it is indeed coming and they are looking at a June start.  That would mean offices would open fairly soon.  With all that being said, I am still going to keep this in the rumor section for now.  But if you are a fan of reading a book before you see the movie, I highly reccomend you pick up a copy.

Zach GalifianakisMore details are coming out about LOOMIS FARGO starring Owen Wilson and Zach Galifianakis.  Not long ago rumors were flying about this comedy caper heading to Winston-Salem.  However, my other sources are saying otherwise.  The latest scoop is that the name has reverted back to ARMORED CAR and that it will indeed be shot here in Wilmywood.  When?  Well, my sources say that they plan on opening offices in May with a production start in July.

secretsLiesWhat you think I am done?  Honey, I’ve been workin’ like a fiend trying to get you all the scoop.  Let’s move on to recently wrapped SECRETS & LIES. Some said S&L was moving to Charlotte.  Others said no, they are staying here.  They are both correct.  The latest Intel is that S&L would shoot here in Wilmywood to complete their 10 episode commitment, which means they could be back this summer.  Then, after those ten or if they have a season two, they would move to Charlotte.  They said have fully established locations they cannot leave behind within those first 10 episodes.

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michael-cera-john-hawkesHoly Chiptole, I’ve actually got more scoop, but I am saving that for tomorrow!  So what else is going on?  Yesterday we announced FX’s HOW AND WHY has officially opened up offices at EUE/ScreenGems Studios. The pilot starring Michael Cera and John Hawkes is now accepting crew resumes. Please send resumes to howandwhypilot@gmail.com with your position in the subject line.

ncfilmEven though all that cool stuff is happening perhaps the BIGGEST news was the Impact Study that was FINALLY released yesterday!  This is HUGE!!!  The finding were exactly what we knew to be true, that Film=Jobs and NC gains from the industry being here.

“For every dollar of credit issued, the industry generated $9.11 in direct spending and contributed $1.52 in tax revenue back to North Carolina.”

$164M in business revenue to more than 1,000 small businesses across the State.”

“The incentive has allowed North Carolina to maintain a permanent crew base, providing 4,259 jobs at an average wage of $66,000, which is over a third higher than the national average for private industry ($41,750).”

READ HIGHLIGHTS OF STUDY NOW AND GO TO LINK FOR ENTIRE STUDY

LOOKING FOR THOSE FILM=JOBS STICKERS? Sunrise Broadcasting has a few.  Feel free to stop by and grab you one while they last at 25 N. Kerr Ave. (near the intersection of Market and Kerr across from the new Walgreens). Offices are open from 8:30am-5:30pm M-F.  Please one sticker per person please.  They will run out fast!  Thanks!

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That just about does it for me; I will have more Wilmywood updates for you tomorrow morning (unless something breaks) and every weekday morning we do “What’s Up in Wilmywood” at 7:30am & 8:30am LIVE on Sunny 104.5.  And on Thursdays during Cape Fear CW‘s Primetime News at 10!  Got Scoop?  Email me: sheila_brothers@yahoo.com.  Or message me on Wilmywood’s FB  or on Twitter You can also just post your comments below!  Until then, that’s a wrap!!

 

NC Film Impact Study Released

ncfilm We have been waiting for over six months for the results of the impact study from Dr. Robert Handfield of North Carolina State University’s Poole College of Management.  The official title of the 50 page study is “A Supply Chain Study of the Economic Impact of the North Carolina Motion Picture & Television Industry.” This study includes not just job numbers, but the trickle down effect film has on small businesses as well.  How it impacts the state as a whole. Here is the official one page that highlights the 50 page study, plus at the bottom, there is a link to the study itself.

Study Finds North Carolina Film and Television Tax Incentive Spurs Economic Growth, Yields Positive Return on Investment
 
A new study released today by North Carolina State Poole College of Management distinguished professor Dr. Robert Handfield found the tax incentive intended to attract film and television production to the State has produced a significant return on investment for North Carolina’s economy.  Beginning in 2007, when the incentive was first enacted, through 2012, the film and television industry has spent $1.02 billion in the state, and generated a projected $170,000,000 in tax revenue. The cost of the credit over the same time period was $112,000,000. The result means that for every dollar of credit issued, the industry generated $9.11 in direct spending and contributed $1.52 in tax revenue back to North Carolina.
 
The study, titled “A Supply Chain Study of the Economic Impact of the North Carolina Motion Picture & Television Industry”, aims to quantify the incentive’s return on investment (ROI) and using predictive models, determine what the financial impact will be both if the incentive is extended, and if the incentive is allowed to expire.
 
“The objective of this study was to present a clear picture of the film and television production incentive, how it impacts North Carolina’s economy, and how without it, the landscape for the industry might be drastically different,” said the study’s author Dr. Handfield. “The findings are quite clear on these matters, and reveal the incentive to be the driving force behind the economic success of North Carolina’s film and television industry.”
 
Below are highlights of the study’s key findings:
 
·         The direct spend by the film and television industry in North Carolina from 2007-2012 is $1,020,000,000. When compared to the cost of the credit ($112,000,000) over the same period of time, the result is for every dollar of the credit issued, the industry spends $9.11 within the State.
 
·         The projected tax revenue collected as a result of film and television production from 2007-2012 is $170,330,307. When compared to the cost of the credit ($112,000,000) over the same period of time, the result is for every dollar of the credit issued, the industry generates $1.52 in tax revenue back to the State.
 
·         For 2012 alone, the production tax incentive contributed a net positive cash flow of $25.3 million for North Carolina. This is the difference between the 2012 cost of the incentive ($60.14M) and tax revenue collected by state and local government ($85.4M).
 
·         The incentive has allowed North Carolina to maintain a permanent crew base, providing 4,259 jobs at an average wage of $66,000, which is over a third higher than the national average for private industry ($41,750).
 
·         Using predictive modeling forecasts, the study finds that if the production incentive is allowed to expire, 4,046 jobs would be eliminated and the industry’s tax contribution would shrink to $4.3M. Additionally, research predicts a loss of over
·         $164M in business revenue to more than 1,000 small businesses across the State.
 

·         The predictive model shows a significant benefit to the State associated with extending the production incentive. Empirical survey results and cost model projections suggest the industry would grow to a projected $587M, which would begin to rival the size of the industry in Georgia ($880M). The extension would also result in a projected work force of nearly 31,000, nearly 6,400 of which would be full-time production jobs. 

READ ENTIRE STUDY NOW (PDF): ASupplyChainStudy_3-31-14

Hunter Ingram over at the Star News wrote a great article as well on the study.  They were the first to get it out the gate.   READ NOW