![]() ![]() Since the credit was increased to 30% from 20% in 2008, production has flooded into the state. The credit is broad, applying not only to films and TV shows, but also commercials, music videos, video game development and animation. Alternately, producers can sell the credit to a third party and pocket the cash, thus lowering production expenses. Under the program, producers can receive a credit equivalent to 30% of their in-state production expenses, which they can apply toward any tax liability they have with the state. Among the projects expected to shoot at the Lakewood facility is an adaptation of the Broadway play ‘For Colored Girls Who Have Considered Suicide When the Rainbow is Enuf’ from Atlanta-based filmmaker Tyler Perry. The nearest large<-scale studio to Atlanta is RiverWood Studios, about 45 minutes outside the city, which is operated by Raleigh Studios of Hollywood.Ĭooney said producers, directors and studios asked the company to open a facility in Atlanta, given its central location and the allure of the state’s film tax credit, one of the highest in the nation. ![]() ‘Hollywood has been working in the state in the last couple of years in a very significant way, but Georgia has a real dearth of viable facilities,’ said Chris Cooney, chief operating officer for EUE/Screen Gems. When the project is completedin March 2011, the complex will encompass more than 100,000 square feet of sound stages and office space, as well as a set construction shop and lighting and grip facilities. The company plans to build a 37,500-square-foot soundstage, to open next year, and refurbish four other buildings on the property that date to the turn of the last century. Although it was formerly owned by Columbia Pictures, the company is not related to the Screen Gems production label now owned by Sony Pictures. EUE/Screen Gems, a New York City company that also operates studios in Manhattan and Wilmington, N.C., said last week that it would invest $6 million to convert the fairgrounds and its Spanish colonial-style exhibition halls into Georgia’s biggest studio. ![]()
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