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Soft Funding
Overview:
- In an effort to both relieve film financiers of equity risk and attract filming to Oklahoma, Indion Entertainment Group can facilitate investments of 12% of a production budget in cash based on productions shooting in Oklahoma and meeting qualified expenditure requirements
- IEG investment comes from IEG aligning Oklahoma investors seeking tax credits with producers with remaining financing intact
- IEG's soft funding can be combined with Oklahoma's state film credits (a cash rebate on 15% of in-state expenses, payable after production) to help a production realize a total soft funding benefit of between 21% to 23%
- In short, a $10,000,000 production's financial risk could be reduced to $7.7 million by using IEG's Co-Production Incentives.
View example here. |
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