
BC Tax Incentives
Over recent decades, a mature
media production industry has grown in Canada, fed
in large part by American production companies that
took up the incentives of supportive film
commissions and generous tax benefits.
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Welcome to Bay Film Studios
Independent feature filmmaking is becoming an increasingly
important part of the overall filmed entertainment industry.
From micro-budget success stories (such as “Charlotte
Sometimes,” which was produced for $40,000 and grossed over
$4 million) to independently produced Oscar contenders (such
as “Brokeback Mountain”), filmmakers are completing their
projects outside the major studios more today than ever
before.
This movement is fueled by a variety of important
motivations. No trend can be encapsulated simply; however,
the following industry changes play a large role in the
inertia of this trend.
First, the studio development cycle is well known to be a
frustrating experience because the studios demand broad
control of the content produced with their funds and
distributed through their channels. Filmmakers tend to be
visionary by nature, and throughout the community the studio
demands create resentment.
Second, digital filmmaking technology has evolved at an
unprecedented rate since its acceptance as viable
professional media. With its evolution, the cost of film
production and editing equipment, as well as the cost of
media duplication, has plummeted. This has removed an
important barrier from the independent filmmaker, making the
industry far more accessible to young writers, producers,
and directors, as well as to lower-worth would-be investors.
Third, with the proliferation of independent filmmaking, the
distribution channels for these films have expanded
dramatically. A growing number of festivals create exposure;
digital projection enables independent films theatrical
releases without expensive print costs; new cable channels
hungry for content make willing and sometimes lucrative
markets; and more and more distribution companies focus on
independent content to fill their slates.
Fourth, independent films provide actors with the
opportunity to challenge themselves and to expand upon the
often categorized image that studios tend to endorse. The
recognition that has come to leading Hollywood actors such
as Tim Robbins, Heath Ledger, Selma Hayak, and Brad Pitt
from performing independent film roles has created a very
real attitude within the community of known film and
television performers; studio films are for money,
independent films are for art. Therefore, well known
performers will work for dramatically reduced salaries.
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