This fall, Acquisitions Associate Haley Ricker will attend two important events in the entertainment industry: the Chicago International Film Festival in October and the American Film Market (AFM) in November. She looks forward to connecting with filmmakers and gaining insights into the current landscape of independent filmmaking, especially the critical role that film tax credits play in project financing and production strategies.
Chicago International Film Festival: Industry Days
During Industry Days at the Chicago International Film Festival, panel discussions and events will offer learning and networking opportunities for independent filmmakers primarily located in the Chicago area. These sessions will provide a platform for exploring how filmmakers navigate the challenges of financing their projects. It will also be a great opportunity to learn about on-the-ground producing from those working in and around Chicago.
With a growing trend of filmmakers leaving Hollywood to take advantage of tax incentives across the nation, discussions will likely focus on the competitive tax incentives available in places like Illinois. Chicago has established itself as a film and TV hub for both independent producers and major studios, highlighted by the success of the award-winning show The Bear.
American Film Market: AFM Sessions
Following the Chicago festival, Haley will head to Las Vegas, the new location of the American Film Market. AFM is renowned as a marketplace where deals and connections are made. During the AFM sessions, there will be in-depth discussions around current trends in the marketplace concerning both sales and distribution, primarily the growing concern over the health of the theatrical market as the industry continues shifting towards digital and streaming platforms. This new era of film distribution plays a significant role in how films, especially independent ones, are financed.
Last year, Haley attended the market, where much of the financing discussions focused on the availability of film tax credits across most states and their importance in securing financing for films. She expects similar conversations this year, especially as the recent strikes have pushed more independent filmmakers to seek financing opportunities outside of Hollywood. Leveraging state tax incentives is becoming increasingly important for completing the financing model in today’s market.
Let’s Connect!
If you’re attending either the Chicago International Film Festival or the American Film Market, Haley would love to connect and discuss how Clocktower Tax Credits can help finance your next production through the use of transferable tax credits. To schedule a meeting, please reach out to Haley Ricker at (978) 793-6694 or via email at HRicker@ClocktowerTC.com.