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'Buy-Back' Coverage Helping Indies Manage Covid Risks

Independent film and television productions with budgets between $5M - $15M are finding some protection against future Covid related shutdowns to secure financing in the form of “buy-back” coverage.
10 July 2021

Finance, Budgets, COVID-19 Updates

Minnesota Adds New Film and TV Production Tax Credit

Lawmakers in Minnesota have agreed on a deal to create a $5 million-a-year tax credit for film and TV production. The legislation, the first of its kind in the state, is being viewed as a way to revitalize Minnesota’s film industry after COVID.
07 July 2021

News, Budgets, Incentives, 2021 Updates

NY Increases New Employer & Maximum Required SUI Contribution Rates

Important information for all NY employers and producers: The state of New York has released changes to the State Unemployment Insurance rates for New York employers in 2021.
24 March 2021

News, Budgets, 2021 Updates

What Productions Should Know About NY Paid Sick and Family Leave

If your production or production company is operating in New York City or New York State, here’s what you should know for 2021. Update: In March 2021, Governor Andrew M. Cuomo signed a new law granting employees paid leave time to receive COVID-19...
08 January 2021

News, Production, Budgets, 2021 Updates

Federal Unemployment Tax Act (FUTA) Updates for 2021

For budgeting purposes, you should assume a 0.6% FUTA rate on the first $7,000 in wages for all states, unless you will be working in the U.S. Virgin Islands (USVI), in which case, you should assume a 3.9% rate.
05 January 2021

News, Budgets, 2021 Updates

Minimum Wage Increases for 2021

A number of states have announced minimum wage increases for 2021. More changes could be announced, so employers should continue to monitor the rates for further changes.
29 December 2020

News, Budgets, 2021 Updates

What Your Production Should Know About Paid Sick Leave Laws

While there are currently no federal legal requirements for paid sick leave benefits, which allow employees to take time off to take care of health issues and differ from both PTO and vacation time, several states and cities allow employees to earn...
23 December 2020

News, Production, Budgets, 2021 Updates

2020-2022 IATSE Low Budget Theatrical Agreement Changes

The IATSE Low Budget Theatrical Agreement, commonly referred to as the NLB (National Low Budget) Agreement has been ratified, effective January 1st, 2020 – December 31st, 2022. To help you prepare for budgeting, hiring crew, and discussing benefits...
23 December 2020

News, Budgets, 2021 Updates

Teamsters Local 817 MOA Changes and Updates

Teamsters Local 817 has ratified their Locations Agreement, which becomes effective retroactive to July 1, 2020 and expires September 30, 2021. We have outlined the changes below, which will assist in updating your budgets and calculating employee...
17 December 2020

News, Budgets

COVID-19 Return to Work Agreement

The following summarizes the “COVID-19 RETURN TO WORK AGREEMENT WITH DGA, IATSE, SAG-AFTRA AND TEAMSTERS/BASIC CRAFTS” provisions and payment terms. 
23 October 2020

News, Budgets, 2020 Updates