08-05-2010, 06:19 PM
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#6 (permalink)
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Senior Member
Join Date: Dec 2008
Posts: 461
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Quote:
Originally Posted by hellbent
then how do you explain uwe boll?
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Smart financing is what it sounds like.
http://en.wikipedia.org/wiki/Uwe_Boll
Quote:
Financing
Boll continues to find investors who wish to acquire the rights for future video-game-to-movie adaptations. His investors are mostly German. He acquires the rights for potential future adaptations and personally oversees preproduction work, filming, and post-production.
Movies directed by Boll have always performed poorly at the box office in the United States. House of the Dead (budget: $12 million) broke $5.73 million on opening weekend,[8] Alone in the Dark (budget: $20 million) made over $5.1 million,[9] and BloodRayne (budget: $25 million) topped $2.42 million.[10] The least profitable commercial performance of his career was In the Name of the King: A Dungeon Siege Tale, which made barely $10 million worldwide at the box office on a $60 million budget.
Until the law was changed in 2005, Boll was able to acquire funding thanks to German tax laws that reward investments in film. The law allowed investors in German-owned films to write off 100% of their investment as a tax deduction; it also allowed them to invest borrowed money and write off any fees associated with the loan. The investor was then only required to pay taxes on the profits made by the movie; if the movie loses money, the investor got a tax writeoff.
In the DVD commentary of Alone in the Dark, Boll explains how he funds his films: "Maybe you know it but it's not so easy to finance movies in total. And the reason I am able to do these kind of movies is I have a tax shelter fund in Germany, and if you invest in a movie in Germany you get basically fifty percent back from the government."
While Boll has received a lot of negative publicity regarding this funding method,[11] he was actually one of the few directors to use the tax shelter as intended. His films were financed, produced, and directed by a German company, which was the initial intention behind the tax shelter: to provide incentive for investment in German entertainment properties.
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