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| Fund IndyMuse has been established to give members the opportunity to own shares in a library of films over its trading period and the additional benefit of a pro rata share of the film income. The LLC aims to raise $10 million to produce, co-produce and ultimately develop a distributed library of commercial films with strong international and new media sales. IndyMuse will have 100% ownership of the films that it fully funds. IndyMuse will only partner in films where the most favorable terms are attained. IndyMuse will give priority to film projects that can demonstrate high returns and be structured to mitigate member risk without compromising the films artistic and commercial viability. Tax Relief and Assistance at the State Level In an ongoing attempt to prevent “runaway production” to Canada, many locales within the United States have created incentive programs for film investment. These programs includes discounted services, tax waivers, free locations and other cost-saving benefits. IndyMuse will maximize these programs and reduce investor exposure. Leveraging the Federal Tax Bill On a Federal level, support for the independent film industry shows positive growth. In 2004, the Jumpstart Our Business Strength Act (JOBS) was introduced promising significant tax relief for film investors. While further amendments may have weakened its impact, the legislation is a positive sign toward further federal support for Independent Film. This issue is at the cutting edge of jurisprudence. Preliminary research suggests tax relief for certain investors, but IndyMuse continues its due diligence. |
33 S Venice Blvd., Venice, CA 90291 ph. 866-745-3555 | fax. 866-745-3555 invest@indy-muse.com |