International News; Update

Argentina Currency Crisis Stops Hollywood from Exporting Profits

 

Hollywood studios have been unable to take tens of millions of dollars out of Argentina for roughly two years, a victim of the country’s ongoing financial crisis, Variety has learned.

It’s an issue that plagues all U.S. companies, but is particularly problematic to the entertainment business as it has struck one of the biggest markets for film in Latin America.

 

Click the link below for more about this topic!

 

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Paragon Collective – The Frontier of Podcasting

Alex Aldea is the founder of The Paragon Collective podcast network, which produces Ice-T: Final LevelRuPaul: What’s The Tee? With Michelle Visage,and Kingsley’s Overexposed podcast. He responds to Carrie Battan’s recent article, “Podcasts: The Last Refuge of the C-List Celebrity,” in this great article, THE PODCAST IS THE LAST REFUGE FOR NO-ONE (embedded below).

 http://www.newrepublic.com/article/117319/podcast-last-refuge-no-one

Alex points out that Carrie missed crucial points about the success of podcasting: (1) It is an incredibly powerful form of media, does not insulate artists from scrutiny (as exemplified by Brandi Glanville’s recent scandal), (2) does have viral potential (as exemplified by Ice-T’s Dungeons & Dragons sensation), and (3) has become much more than the loosely based talk show format that the medium has been traditionally known for.

Check out the article for more information on the power of podcasting.

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Equity Crowd Sourcing Independent Films

With the success of donation based funding through companies like KickStarter and Indiegogo, 

Check out this great article on Indiewire that showcases the funding campaigns for 2014 Sundance selections:

http://www.indiewire.com/article/how-did-the-2014-sundance-film-festival-filmmakers-crowdfund-if-at-all

I’m very excited to see the expansion of funding implemented through the JOBS Act to include equity crowd sourcing and the companies that are creating matching funds. Check out this article on Deadline:

http://www.deadline.com/2014/03/tom-hanks-a-hologram-for-a-king-links-with-crowdfunding-start-up-big-ticket-investors/

This type of funding opens up film financing to a broader audience  and more investors will increase the success rate of getting independent projects off the ground! 

Another music legend dies …

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Another music legend dies …

Frankie Knuckles, one of the founding fathers of Electronic Dance Music, has passed away.

The entire industry is feeling the effects of this loss.

– JD

College Athletes are going to get Paid!

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In a ruling today, the NLRB has ruled that College Athletes are employees rather than just student athletes.

This decision will allow college athletes to organize and unionize – which means that the NCAA is about to start sweating and paying some handsome salaries.

For more on this topic, check out the story here: http://hosdi.eu/1hYMrb6

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Godzilla; Importance of a Signed Agreement

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Certain producers won a small battle in the dispute surrounding the upcoming Godzilla feature film being produced by Legendary Pictures.

Legendary moved to compel arbitration, citing a clause in an unexecuted draft of an agreement. The CA Appeals court refused to compel arbitration based on the fact that the draft agreement had not been executed, despite containing a binding arbitration clause.

If I had to guess, the producers will be offered a healthy sum of money to put this one behind them. The lesson to be learned, make sure you get signed documents.

Catch the full article here: http://hosdi.eu/1f3OIio

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Filmmaker Desperation Leads to Fraud Conviction

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Daniel Adams has just been freed from prison.

If you recall, Adams was one of the first to be incarcerated for committing fraud when applying for state production tax incentives.

For the full article, go to: http://hosdi.eu/1ftXh5U

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