‘Rust’ Shines Spotlight on Opaque Indie Film Financing SchemeNovember 10, 2021 – Media Mention
The Hollywood Reporter
Entertainment Partner, Sky Moore, shared insights regarding film financing for smaller, independent films and the Section 181 tax provisions.
For the independent film world, Section 181 “is a hill of beans and doesn’t amount to anything,” says Moore.
“So instead of your investment being $100, you put in $10 and borrow $90. If your rebate on the $100 is $35, it looks like you’re ahead,” he explains. “But it’s all just leverage, just a bunch of debt. [It’s] the same old nonsense that was used [in the U.K.].”
“You can game the system for a while, but if you get audited, you will absolutely get blown apart.”
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