Kansas City Chiefs tight end Travis Kelce, the boyfriend of pop superstar Taylor Swift, will make his debut as a film producer thanks to President Joe Biden’s renewable energy tax credits.
Kelsey, who took home a Super Bowl ring last Sunday, will be donning the producer’s hat this year for the film. dead friend zoe, which will be funded through presidential tax credits. The film premiered at the SXSW Film Festival and stars Natalie Morales, Ed Harris, and Morgan Freeman. Kelce will serve as executive producer on the film.around variety:
The low-budget dark comedy’s investors, including Kelsey, are the first to use the Inflation Control Act of 2022 to finance a film. (Dead friend Zoe The cost is less than $10 million. )
The Inflation Control Act, passed in August 2022, “marks the single largest investment in climate and energy in American history, helping America tackle the climate crisis, advance environmental justice, and improve domestic clean energy production.” “enables America to secure America’s position as a world leader,” according to the U.S. Department of Energy website, putting the U.S. on track to meet the Biden-Harris administration’s climate goals, including a net-zero economy by 2050. put it on. dead friend zoe It used funds generated from the sale of green energy entrepreneur Mike Field’s surplus tax credits. (Field is also a producer on this film.)
Ray Maiello, who runs California-based Radiant Media Studios with Mr. Field, said the tax credits help reduce the risk of financing a film.
“Hollywood is dangerous, right? On a scale of 1 to 10, Hollywood is a 9.5, especially when it comes to independent films,” he said. “These federal tax credits bring the risk down to about 5.”
“[Field] And I want to expand further, and we’ve been talking about it. [expanding] For many years. And Biden really encouraged that,” Maiello added. “Biden understood that people can’t plan what their tax liability will be. People don’t want to take the risk. So he actually made it happen with the federal tax credit, and we’re going to make it happen. It’s combined with Hollywood. That’s the idea.”
Kelce, Maiello, and Field reportedly plan to use the same strategy to finance their second documentary film, which will be used to “curtail inflation as a way to raise money and shore up the struggling independent film sector.” “Hollywood’s tendency to adopt the law” could be triggered. ”
Director Paul Roland Bois award-winning feature film, exampleYou can watch it for free. YouTube or Tubi. “Better than Flower Moon’s killer.” Mark Judge wrote. “I’ve never seen a story like this before.” Christian Toto wrote. High quality, ad-free streams are also available for purchase at: google play or Vimeo On Demand. Follow him on Twitter @prolandfilms or instagram @prolandfilms.
