The Movie Fund works with International Investors and leading Producers to create a new movie studio theme park called “Sin City Studios” in Las Vegas
For Immediate Release : Los Angeles, 31th July 2013 - The Movie Fund is delighted to announce the proposed development of a new and exciting movie studio theme park in Las Vegas, Nevada, combining a state-of-the-art entertainment complex for major motion picture movie production and tourist attractions. Filmmakers will not only have access to the latest technological advances in sound stages and an abundance of film sets, they will also be able to take advantage of the latest tax breaks and incentives recently introduced to the State of Nevada.
Film makers have recently canvassed Nevada state governors to pass a law introducing tax breaks and incentives for film productions wishing to make movies in the state. In June, Governor Brian Sandoval signed into law Senate Bill 165 - the Nevada Motion Picture Jobs Creation Act - which allocates $20 million towards TV and film tax breaks and incentives. Qualifying film producers would be eligible to receive transferable tax credits worth 20% of their production costs, plus they would receive further tax credits for hiring Nevadans.
The Movie Fund, in order to help filmmakers make the most of the new tax breaks and incentives in Nevada, have attracted investors to create a fabulous movie studio theme park in Las Vegas, bringing a taste of Hollywood to the State with fabulous multiple film sets, sound stages using the latest in technological advances, movie-themed park rides with future plans for an impressive casino and hotel complex geared to the movie industry, and plenty of entertainment.
A spokesperson at The Movie Fund, says: “This movie studios will be one of a kind, truly unique and a fabulous addition to Las Vegas’s tourist attractions providing hundreds of jobs and a film academy. It will also provide Las Vegas with its first major theme park, with the aim to feature franchises such as ‘Transformers’, ‘Harry Potter’, ‘Godzilla’ and more from other studios and franchises in the future.
Six sound stages will be built for blockbuster movies and TV shows, targeting major studios, plus a Greenscreen studio for CGI movie production and a visual effects studio. There will be interactive movie experiences for visitors and tourists, interactive 3D rides and rollercoasters, a kid’s entertainment theme ride.
Set around the sound stages and movie sets will be an amazing high concept, first-of-its-kind, ‘live’ interactive experience – set in enormous sound stage involving hundreds of actors interacting in this ‘Brave New Futuristic World’! This experience will be like no other - for the first time you can stay and spend time inside this new world - as though your in futuristic Movie!
The new tax credits are applicable to qualified, in-state expenses for films, TV and web series, and video games. A minimum of 60% of the film production’s total qualified expenses must be in Nevada and production costs have to be more than $500,000. Producers will be able to apply for tax credits from January 2014, until 31 December 2017.
The Movie Fund’s unique movie studio theme park is receiving the backing from Hollywood producers, directors and filmmakers with many committing their movie productions to the new studios including British executive producer Tim Burke’s The Bigger Picture Films and their epic, sci-fi trilogy; ‘Planet X’ which will be the first production to shoot at ‘Sin City Studios’ when the first sound stages are completed.
For further information, please contact:
The Movie Fund: ‘Sin City Studios’