NJ vs. Upstate NY - What we’ve learned…
New Jersey | New York |
Up to 35% of qualified film production expenses
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A WHOPPING 40% OFF in UPSTATE NY
(at Cobalt Woodstock)
AND 40% OFF on post-production costs as well
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OR 30% for expenses incurred for services performed and tangible personal property purchased for use at a sound stage or other location that is located in the state within a 30-mile radius of the intersection of Eighth Avenue/Central Park West, Broadway, and West 59th Street/Central Park South, New York, New York |
AND
Nearly DOUBLE the funding pot to $700 Million |
AND A post production carve out of $45 Million |
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AND More qualified ABOVE-THE-LINE costs, with double-caps: wages for writers, directors, producers, actors, and composers capped per individual at $500,000, and capped per production at 40% of qualified production costs
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AND Accelerated timeline in which new productions can claim their credit in the first production year!
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AND Incentivized relocation of a series by allowing, for the first season in NY after relocation * relocation costs up to $6 Million
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AND A shortened timeline for a relocating talk/variety series to be in production before gaining eligibility from 5 years to 2 years |
Want to learn about virtual production and how to use it?
Cobalt’s got you covered. As the first company to offer Virtual Sets on the East Coast, we have the experience to guide you. Let’s have some fun.