With Cannes in full swing and Justice Is Mind continuing down the post-production track, it seemed fitting to tour a new film studio this past week. No I didn’t travel to Los Angeles, I drove about 35 minutes to Devens, MA where a $35 million state of the art film studio is being built. Appropriately called New England Studios the phase 1 complex is scheduled to open late summer. With four sound stages, production offices and a mill building, the tour reminded me of stories I read about the early days of Hollywood and those pioneering risk takers.
Filmmaking is all about risk. Whether you own physical assets such as a studio or have sat behind a computer writing a script, you have invested some sort of time and money to live your dream. But unlike other industries, this is a sexy business. Ask anyone that has seen their name come up in the credits in a theatre and the most common word to describe the felling is—cool! But in the end, it does come down to a return on investment.
As Cassian Elwes told The Hollywood Reporter this week, financing a film through a combination of equity, tax incentives and foreign pre-sales provides a “guaranteeable return.” Combined with the powerful allure of the movie business, that makes the film an attractive investment. He went on to talk about the superrich, but you don’t have to be superrich to enter this industry you just need to be thoughtful and have a plan.
Even for a film on the scale of Justice Is Mind I have endeavored to bring a “studio” operation-like quality to the entire production. There is another entire structure to getting a film into the market which we see at film markets such as Cannes. Reading the daily reports coming out of Cannes you can just feel the excitement. Film slates are getting financed (Hayden Christensen’s Glacier Films did well), new film finance companies are being launched and there seems to be some solid buying. Of course then there are the horror stories of films that pre-sold last year that lost, for whatever reason, the top talent that got the project sold in the first place. As I’ve said before, this is not an industry for the faint at heart.
With sound mixing commencing on Justice and the last third of the special effects being built (there are over 200), the end of post-production is certainly in sight. With the film edited, the process of scoring, sound effects, ambiance and mixing is just as detailed a process as any. I could not be more thankful to our post-production team for the job they are doing.
And this is where I come back to New England Studios. I’m fairly confident this project never would have gotten off the ground if it weren’t for our 25% film tax incentive. Some filmmakers at an industry event in Boston just bitched that producers shouldn’t follow the tax incentives. I say then you need to leave this industry because unless you are financing things yourself, filmmakers need every damn incentive to produce their motion pictures. Thankfully, Senator Michael O. Moore wrote to me and said, “…I will not support any legislation brought before the Senate to cap the production incentive.”
While I certainly hope to someday produce a film on the sound stages of New England Studios, the one thing I was happy to hear is their desire to develop a complete infrastructure of like-minded businesses around the studio. Having lived in Los Angeles, I can tell you there’s nothing like being around the studio atmosphere of creativity. One just doesn’t wake up and become a movie mogul. It takes time, incentive and a conducive structure.
Of course, I couldn’t help but be reminded about one of my favorite sci-fi TV shows when touring New England Studios. In U.F.O. an ultra secret organization called S.H.A.D.O. (Supreme Headquarters of the Alien Defense Organization) has its headquarters 80 feet under Harlington-Straker Studios. With a base on the Moon and support aircraft around the world, their often used statement is apropos to our local film industry and the current state of post-production for Justice Is Mind.
On positive track.