CMJ 2009? Good Times Ahead (Maybe).

20 10 2009

cmj09bestbuylogo

I’m on the way to CMJ music marathon in NYC.  CMJ and other similar music events are good barometers for the industry as whole.  Who will be the next band?  What are the labels going to do know?  How has piracy effected music sales? Etc. Etc.

In the past this indie music conference and pseudo music festival has proven to be a great place to find new music talent and network with creative industry types.  This year, the line up is more representative of the changing music scene:  a lot of bands that are great, but that you probably haven’t heard of yet.   The Antlers, Pitbull, Japanroids and Das Rascist are recognizable names to those in the know and will hopefully CMJ will take them and the hundreds of other bands to the next level.

The networking that had gone on in the past was between labels, pr firms, distributors and radio folks.  This year, many of those people are looking for jobs.  Perhaps CMJ will have a job fair day?

I’m looking forward to seeing if the unprecedented ease of getting music to the masses (i.e. the Internet) has truly watered down the musical talent or if it has afforded those that never would have had the opportunity to perform in the past to have their talent seen and heard.  I’m obviously hoping for the latter.  I’m also curious to see what pearls of wisdom the overly entrenched New York industry types plan on sharing at the various panels.  My prediction this year is that a lot of the label types have new jobs with smaller (both in size and revenue) companies.  So, chances are that the theme will be battling piracy and identifying new ways of getting paid for making music.

We shall see and I’ll report back after my trip.

SHAMELESS SELF-PROMOTION OF THE WEEK:

Speaking of new ways of getting music to the masses in a creative way, check out my friend Whatzisface’s newest project (click the link below).  In the past hip hop artists have been found via the mixtape.  Mixtapes were and still are to a large extent, full length albums without a particular theme or concept.  They are given away for free usually on a burned cd or now, via myspace download.  The hope is the same:  someone with decision making power and a budget will listen and choose to develop the artist.  Why not change it up?  Why not re-invent the mixtape so that people look forward to it like a new album release?  Add a concept to it.  Make it funny and release it in a cool way.  That’s what ‘face has done.  Here is one of his latest installments in the White Chocolate and… series.  Enjoy.

New Whatzisface Mixtape

New Whatzisface Mixtape





Will Section 181 be Renewed?

2 10 2009
Does Charles Rangle know if 181 will be renewed?

Does Charles Rangle know if 181 will be renewed?

As most independent film makers know, Section 181 is set to expire on January 1, 2010.  The tax incentive has been an incredible tool for US film makers attempting to lure investors and their money offering deductions against  passive (and in some cases active) income.  First introduced as part of the American Jobs Creation Act in 2004, the incentive was first set to expire on December 31, 2008.  The stimulus bill or the American Recovery and Reinvestment Act breathed new life into Section 181, albeit only for a year.

So what is the plan for the film incentive?

Great question.  I’ve done all the research that one man can do and I still do not have an answer.  According to a source at the IRS who is an expert on the film incentive sections (181 and 199), he would not be surprised if an extension was slipped into a bill much like it was in 2008.  However, he has no real basis for that opinion and urged me to just keep watching the government’s proposed bills for updates.

The committee that is in charge of introducing tax incentives is the Ways and Means Committee.  I spoke to one of their tax lawyers to get her perspective.  Not surprisingly, she  35, 55, 61 told me that their entire attention was on health care reform.  She mentioned that if a health care reform bill was presented in the next month or two, they would probably turn their attention to tax incentive bills that are set to expire.  However, she also cautioned me that, due to the economy, proposals for reducing the overall tax collected by the government are not exactly in favor.

Bottom line, there is no answer to report yet. Continue to check here, your local film office and government websites for updates.  Call your representative and keep on them.

If you are planning on beginning filming in early 2010, all I can say is try to start in December.  If you begin filming in 2009, you may qualify for the incentive even if you do not complete filming until 2010.








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