Financing a Film - Monday, February 8th (3 cpe/cle credits)
6:00 PM Registration & Networking Reception
7:00 PM Financing a Film Workshop
Representatives from various perspectives in a film financing transaction will take you through a sample transaction from the initial stages to securing financing and closing the transactions. You will receive practical advice and information to utilize in financing your projects. Our panel will provide practical advice and analyze and discuss the issues that arose during the financing process.
Accessing the economics of the deal
Creating an effective package: business plans, budgets, letters of intent, pre-sales, chain of title
Understanding the key legal agreements
Identifying key players in the financing transaction
Tax and accounting issues
Completion bonds, credit insurance
Moderator: David Steinberg, Partner, Heenan Blaikie Panel: Nicholas Tabarrok, Owner, Darius Films David Henry, Senior Vice President, U.S. Bank Jeff Sanders, Managing Partner, Roberts Ritholz Levy Sanders Chidekel & Fields
9:45 PM Open Forum: Q&A with Panel
10:00 PM Workshop Concludes
Film Finance Summit - Tuesday, February 9th (5.5 cpe/cle credits)
8:00 AM Breakfast & Summit Registration
8:45 AM Welcome & Introductions
9:00 AM Current Financing Trends & State of the Industry
This panel will discuss what is being financed, how they are being financed and who is financing films in this economic recovery. This panel will also analyze the current state of the industry, the impact of major problems from the credit crisis and the importance of tax credits and gap financing.
Moderator: Jeff Sanders, Managing Partner, Roberts, Ritholz, Levy, Sanders, Chidekel & Fields Panel: Roy Salter, Principal, The Salter Group Mark C. Manuel, Executive Vice President, Lionsgate Entertainment Peter Graham, Principal, 120dB Films David Friedman, Executive Vice President, Summit Entertainment
10:00 AM Networking Break
10:20 AM Financing Content
This panel will cover the primary sources of financing content in the economic credit crunch for television and film -- debt, equity, presale and soft money. We will explore the roll debt lenders and the conditions a producer and filmmaker need to satisfy to secure funding from commercial banks, private equity and other sources of financing for content.
Moderator: P. John Burke, Partner, Akin Gump Strauss Hauer & Feld LLP Panel Stefan Litt, CFO, Sony Pictures Morgan Rector, Head of Entertainment, Comerica Bank Joseph Cohen, President, American Entertainment Investors
11:20 AM Networking Break
11:40 PM Branded Content Financing and Production Strategies
Many brands are finding it harder and harder to get their products in front of consumers and are turning to the Internet, mobile and other platforms to gain exposure. This panel will look at ways that major brands are using content to promote their products but also entertain audiences. The panel will analyze how advertising agencies, producers and product integration are now key elements in the content financing chain.
Moderator: Philip Alberstat, Partner, Fuel Industries Panel: Steven Amato, Partner, Omelet Amber J. Lawson, Controller of Comedy, Babelgum Networks Michael Bellavia, President, Animax Entertainment Daniel Tibbets, Executive Vice President & Studio Chief, GoTV Networks
12:45 PM Networking Luncheon
2:15 PM Consuming Content in the Transmedia World
This high level panel of studio execs, academics and content creators will look at how we are now consuming content in the new digital world and the impact of technology on our viewing habits. Panelists will look at current trends for producing and marketing content on multiple platforms available to consumers and how the way we consume content will change.
Moderator: Philip Alberstat, Partner, Fuel Industries Panel: Henry Jenkins, is the Provost's Professor of Communication, Journalism, and Cinematic Arts at the University of Southern California Stuart W. Volkow, VP, Strategy and Development, The Institute Steven Hein, Vice-President of Digital and Short Form Content, 20th Century Fox
3:15 PM Networking Break
3:35 PM International Financing
This will be an insider’s look at an international financing and will discuss the advantages and disadvantages in filming in various country’s as well as accessing funds, grants, treaties, tax credits & shelters available globally.
Moderator: David Steinberg, Partner, Heenan Blaikie Panel: Tony Beaudoin, Executive Producer, Tower Hill Entertainment Ortwin Freyermuth, Esq., Freyermuth & Associates Inc Eva Schmieg, Partner, Heenan Blaikie
4:35 PM Closing Remarks & Open Forum for Questions
5:00 PM Summit Concludes / Networking Reception
Taxation of the Film & TV Industries - Wed., February 10th (3.25 cpe/cle credits)
8:00 AM Registration & Breakfast
8:45 AM Introduction & Overview to Taxation of the Film & TV Industries Workshop
9:00 AM Tax Planning for the Film & TV Industry
This session will provide an overview of federal tax issues impacting the film and television industry, including Section 409A, loan-out corporations, deductions; income forecast amortization, income recognition, inbound and outbound international tax issues, withholding, independent contractor qualification, and characterization and taxation of various financing transactions.
Schuyler M. Moore, Partner, Stroock & Stroock & Lavan
10:30 AM Refreshment Break
10:45 AM State Tax Incentives Update & Financing Tax Credits
With states offering 20 – 40% in tax incentives, credits and rebates, where you shoot has become a critical part of financing because it is a way to lay off some of the financial risks. This panel will discuss the States with the best incentives, the requirements to file for the tax credit, what the incentives cover, the filing process and how to cash flow credits and rebates. The Incentives Office WINTER 2010 GUIDE TO U.S. PRODUCTION INCENTIVES will be distributed at the workshop.
Co-Moderators: Dama Claire, Production Executive, The Incentives Office Jeff Begun, Production Executive, The Incentives Office Panel: Jamie Cope, Location Services Manager, West Virginia Film Office Bruce Deichl, President, Tax Credits LLC Anthony Gudas, Managing Member, Tax Credit Finance LLC Amy Lemisch, Director, California Film Commission Vince Porter, Executive Director, The Governor's Office of Film & Television, Oregon Film