NYC Media & Entertainment Czar, Julie Menin, on the NYC Film Boom and Tax Credit Program

This is part 5 in a series of 7 on key industry topics trending from the 2016 Film Finance Forum East held in NYC in April 2016


 

One of the Keynote Speakers at the 2016 Film Finance Forum East was Julie Menin, Commissioner, New York City Mayor’s Office of Media and Entertainment (MOME). While she took over her post six weeks ago. She sure didn’t sound like it.

Julie eloquently spoke about the status of NYC’s film production industry, and it is, in one word, booming. 2015’s activity was worth an estimated $8.7B (that’s a B) to NYC’s economy. Further, it’s providing jobs to over 130,000 New Yorkers which is a 53% increase over a decade ago. This boom is especially being seen in episodic TV series production which has gone from 12 being produced a few years ago to an estimated 47 to be shot in 2016. 47 series!

One of the reasons for this increase? The New York State tax credit which Julie referred to as “absolutely instrumental” and “incredibly important” to NYC’s success.

One area that Julie is focusing on in the future at MOME is working to extend production further into the outer Burroughs. She has multiple planned ways to assist with this effort including the planned expansion of the MOME website to include extensive information and photos of locations in the outer Burroughs as well as the support of the expansion of SilverCup and Steiner Studios.

Want to Hear More?

Below are some other blogs you may Interested. Want to talk to someone about how film tax credits can help you get funded? Give us a call at 781-380-3520 or shoot us an e-mail and we’d be happy to talk.

Bridging the Film Funding Gap Between Financiers and Producers


http://kpmfilm.com/getting-your-film-funded-pro-investor-models-in-a-changed-economy/#.Vyn4AoSDFBc

TV + Film Finance Forum East Recap

Defining the Next Generation Studio: Who are the New Power Players?