Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.
Showing posts with label Puerto Rico. Show all posts
Showing posts with label Puerto Rico. Show all posts

Wednesday, November 6, 2013

The Caribbean Targets a New Kind of Tourist: Film, TV Productions...


The Caribbean Targets a New Kind of Tourist: Film, TV Productions...

Caribbean film commissions band together to push for wider regional production

At least nine film commissioners from key Caribbean nations, including Jamaica, Puerto Rico, the Dominican Republic and Trinidad and Tobago, are teaming up to create an association to represent this multilingual region.

Members of the new org reason that while they may compete with each other for foreign location shoots, a more unified entity would give them more political clout, and allow for improved communication among participants, says Dominican Republic film commissioner Ellis Perez, who will attend AFM.

Jamaican film commish Kim Marie Spence calls the Caribbean a region with good resources, and adds that the association will lead to co-production opportunities and training for filmmakers and creatives. "With the inclusion of commissioners from the French-speaking and Spanish-speaking Caribbean, it opens up new markets and potential funding sources," she says.

That kind of multilingual support will be a boon to the region, in which 10 major languages are spoken, led by English, Spanish, French, Creole and Dutch. Trinidad and Tobago film commissioner Carla Foderingham points out that "once outside a language-specific market, we don't hear about each other's films."

A healthy local film industry is key before the region can attract more foreign shoots, while film production across the Caribbean has grown — in some cases, quite dramatically.

In the Dominican Republic, local pic production, spurred by incentives, has exploded from an average of four to five a year just two years ago to the current annual average of 15 to 20.

"Both Puerto Rico and the Dominican Republic have seen approximately a 60% jump in production," says Zumaya Cordero of distribution/exhibition shingle Caribbean Cinemas, who notes a greater exchange of films between the region's two bigger islands.

"Comedy travels best," she says, adding that local filmmakers need to make more films with universal themes and less local slang to facilitate better inter-island distribution opportunities.

The Dominican Republic offers 25% transferable tax credits on local spending for features, TV and musicvideos with a minimum spend of $500,000.

The opening of Pinewood Indomina studios' 60,500-sq.-ft. horizon water tank and initial three soundstages in the country are also a boon. The first pic to use the new offshoot of Pinewood U.K. is a $1.5 million local comedy, Archie Lopez's "Lotoman 003," the fi nal installment of a trilogy.

Pinewood Indomina VP Albert Martinez adds that the studio is investing in local training initiatives. The first installment of "Lotoman" in 2011 was the biggest box office hit in the Caribbean, luring 650,000 admissions in the Dominican Republic alone.

Puerto Rico, which offers a 40% transferable tax credit on payments to local companies and individuals, as well as a 20% production tax credit on all non-resident qualifi ed spending both above and below the line, is the furthest advanced in luring foreign productions to its shores. Big series such as NBC's pirate-themed skein "Crossbones" and features such as "Reclaim" (Paradox Entertainment/Arclight) are shooting in the territory.

But local projects aren't ignored.

Though producer-helmer Javier Colon Rios' comedy "I Am a Director" fell far below the $100,000 minimum spending requirement to qualify for credits, after the fi lm became a hit, the government offered distribution help, which allowed the pic to run for seven weeks. Madrid-based Kevin Williams of KWA handles international sales on the pic at AFM, where he will also be selling a new catalog of English-language black Caribbean movies. Other local projects that are tapping Puerto Rico's tax credits and local film funds include "Fragmentos de Amor," a co-production with Colombia.

The association also may be able to boost the exhibition and distribution sectors in the region. Currently, its 60-plus film festivals are the primary distribution outlets for Caribbean pics.

One of the nations taking advantage of the fest circuit is Cuba, which does not belong to the association. Despite scant aid from its government, Cuban filmmakers have managed to produce a number of acclaimed films, including Carlos Lechuga's "Melaza," winner of the best feature award at the recent Trinidad and Tobago Film Festival.

Trinidad's Damian Marcano took home three major awards at the fest, including the audience prize, for his gritty urban drama "God Loves the Fighter." Marcano's pic debut, which features non-actors and slick cinematography, tapped Trinidad's grant funding for marketing coin. The oil-rich nation offers up to 50% in cash rebates to foreign and local productions.

"We may not have the resources here for big-budget films, but digital photography has raised the production values of our films, leveling the playing field," says Foderingham.

Moreover, as production in the region grows, crews become more reliable. And with the various governments chipping in to incetivize, it won't be long before foreign producers start hitting the beach as well, and not just for a vacation.

Thank you Variety

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Saturday, September 8, 2012

Why Hollywood Loves Puerto Rico...


Versatile locations, attractive rebates and experience crews have everyone from the "Fast Five" producers to HBO and Showtime headed to the Caribbean hotspot -- it's more than just the rum.

Canada Tops World List of Cost-Effective Digital Locations, KPMG Report

Johnny Depp's 'The Rum Diary' to Open Bahamas Film Festival

'Game of Thrones' Photos Reveal Notable Locations

What do HBO's hit offbeat comedy Eastbound & Down, the Vin Diesel action extravaganza Fast Five and the Leonardo DiCaprio-produced thriller Runner, Runner have in common? Puerto Rico, one of Hollywood's new favorite shooting destinations. With about 70 percent of foreign shoots there employing the region as a convincing stand-in for other locations, the commonwealth has thrived lately thanks to a host of factors. Here are five reasons why Hollywood is increasingly heading to the "Island of Enchantment" for offshore shoots.


1. MORE BANG FOR YOUR BUCK

Puerto Rico boasts one of the most robust film incentive programs in all of Latin America and the Caribbean. In a nutshell, the region offers a 20 percent tax credit on payments made to above-the-line nonresidents, including producers, directors, writers and talent. Sweetening the deal is a 40 percent rebate on payments made to Puerto Rican residents for below-the-line services.
Since 2011, some 30 foreign productions in TV and film and advertising have reaped the benefits of the tax breaks, including Johnny Depp's The Rum Diary, which spent $20 million on location in Puerto Rico and received an $8 million credit in return (a good thing considering its tepid $13 million domestic box office).

2. NO FOREIGN EXCHANGE RATE

As a U.S. territory, Puerto Rico is in the unique position of being able to offer many conveniences of the mainland.

STORY: Who in Hollywood Owns a Private Island

Case in point: Puerto Rico uses the U.S. dollar as its currency, and its banking system operates under the same stateside protections. What's more, Puerto Rico abides by the same labor laws, and U.S. citizens need no passport to get there.

Says executive producer James Holt, who shot 2009's The Men Who Stare at Goats in Puerto Rico, "People don't necessarily register that this is a U.S. territory. It doesn't present the same headaches as filming in a foreign country."

3. LOCATION, LOCATION, LOCATION

As Puerto Rico's tax credits draw more productions, it's becoming more common for the region to double for other locations. Settings in and around the capital of San Juan were depicted as Rio de Janeiro in the action flick Fast Five. And for the current filming of the gambling drama Runner, Runner, starring Ben Affleck, Puerto Rico substitutes for Costa Rica.
VIDEO: 'The Rum Diary' Trailer: Johnny Depp Drinks His Way Through Puerto Rico
Puerto Rico consists of a main island surrounded by a cluster of smaller ones. As one might expect, Puerto Rico appeals to tourists thanks to a number of stunning locations, but what it offers filmmakers is diversity: from lush mountains and white-sand beaches to colonial-era architecture and modern, urban settings.

Puerto Rico also benefits from its proximity to the U.S. With Miami just 2½ hours away by plane (a $450 flight), producers get to reap the benefits of rebates while saving money on travel.

4. EXPERIENCED, ENGLISH- SPEAKING CREWS

Puerto Rico has hosted about 90 foreign shoots since 1999, and local crews have become skilled at servicing a range of productions, including such effects-laden tentpoles as Disney's Pirates of the Caribbean: On Stranger Tides, action vehicles like the James Bond film GoldenEye and TV series such as the Showtime dramedy The Big C.
"We traveled in with our department heads and most of our camera crew but then staffed the remainder of crew locally," says Laura Benson, production manager on The Big C. "They were extremely helpful and hardworking."
Another benefit: English is an official language in Puerto Rico.
The only drawback, Benson notes, was that the location has become so popular that two other productions were filming at the same time as The Big C, making it a challenge to round up a crew.

5. A SAFE SHOOTING ENVIRONMENT
What Puerto Rico lacks in soundstages and full-service facilities, it makes up for in safety. Rival location Mexico offers the whole enchilada when it comes to industry infrastructure, but its ongoing drug war has spooked some producers.

The higher-ups at HBO were taking no chances on season two of Eastbound & Down. When the comedy's setting moved from North Carolina to a fictional Mexican town, producers opted to shoot in Puerto Rico because of security concerns about filming south of the border.
Puerto Rico also offers peace of mind in the form of free hurricane insurance coverage. According to Puerto Rico film commissioner Mariella Perez, the government will pay a premium for hurricane insurance when producers want to shoot during hurricane season. Since the studios usually have umbrella coverage, the insurance is geared toward independent productions. Says Perez: "They're the ones that really need an extra push."
Thank you Hollywood Reporter


More info: www.hollywoodreporter.com

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Monday, March 28, 2011

On location: Puerto Rico expands film tax credits in bid for larger Hollywood movies

With its lush mountains, tropical rain forest and sugar-white beaches, Puerto Rico has long prided itself as a "paradise of locations" for filmmaking.

But the U.S. territory has never been ranked in the top tier of filming destinations, in part because it had only a small pool of money allocated for its tax-credit program. That could change now that the Caribbean archipelago wants to grab a larger share of Hollywood's production pie.

Last week, Puerto Rico Gov. Luis G. Fortuño signed into law a new package of film incentives aimed at making his commonwealth competitive with some of the top production hubs in the U.S.

The new law broadens the existing 40% production tax credit to include TV programs and documentaries, and for the first time allows producers to claim a 20% tax credit for hiring non-residents, including salaries of actors. Additionally, the new law lifts the annual cap in tax credits to a maximum of $350 million from a paltry $15 million. It also provides a 25% tax credit toward the development and expansion of studios, post-production houses and other service companies that are critical to building a local film industry.

While Puerto Rico has a number of smaller soundstages, it lacks the infrastructure of more established film locations such as Louisiana, the United Kingdom and New Zealand, limiting its appeal to filmmakers.

Puerto Rico's new legislation comes after a recent announcement by neighboring Dominican Republican to introduce a 25% film tax credit. And, it comes at a time when several U.S. states, notably New Mexico and Michigan, have announced plans to significantly scale back their film incentives to balance their budgets.

"We look at the film industry as an engine of economic development,'' said José Ramón Pérez-Riera, Puerto Rico's secretary of economic development and commerce, which oversees the film program. "With this new law, I think we can compete favorably with any jurisdiction."

Pérez-Riera said the timing of the new tax-credit law, which has been in the works for six months, was purely coincidental with rollbacks in some states.

"I can't say we're doing this because other states are cutting back, but the timing works quite nicely for us,'' he said. "As other states are cutting back we're stepping up so we can capture a substantial portion of the market for some of these high-budget films."

Joe Chianese, senior vice president of Burbank-based Entertainment Partners, which specializes in providing production services, said the new incentives will make Puerto Rico competitive with leading film states such as Louisiana and Georgia.

"It's a great move for them,'' he said. "It definitely raises the stakes."

Puerto Rico has managed to lure dozens of productions over the last decade thanks to its diverse and tropical terrain. The commonwealth has stood in for Cuba in the USA Network TV show "Royal Pains"; Bolivia in the Warner Bros. action movie "The Losers"; Brazil in the upcoming Universal Pictures' sequel "Fast Five"; and even Kuwait and Iraq in "Men Who Stare at Goats," the independent film starring George Clooney.

And the government would like to see Hollywood crews hang around for a bit longer to fuel the local economy. For example, Walt Disney Pictures' "Pirates of the Caribbean: on Stranger Tides" shot only a few days in Ft. San Cristodal in Old San Juan and in Palominito, an isolated island on the east coast of Puerto Rico.

"We wanted to bring the entire production here," Pérez-Riera said, "but we were competing with Hawaii."

-Richard Verrier

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