I'm pretty sure some of you know this, but most people don't. Uwe Boll (worst video game movie adaptation producer/director EVER) is getting money to make games. Alot of money. But how? According to wikipedia:
Movies directed by Boll have not achieved the kind of box office returns one expects from a typical Hollywood film. The House of the Dead (budget: $12 million ) broke $5.73 million on opening weekend, Alone in the Dark made over $5.1 million (budget: $20 million ), and BloodRayne (budget: $25 million ) topped $2.42 million. Despite these low returns on opening night, however, each Boll film has been profitable once the gross was tallied.[citation needed]
In the DVD commentary of Alone in the Dark, Boll explains how he funds his films:
"Maybe you know it but it's not so easy to finance movies in total. And the reason I am able to do these kind of movies is I have a tax shelter fund in Germany, and if you invest in a movie in Germany you get basically fifty percent back from the Government."
Boll is able to acquire funding thanks to German tax laws that reward investments in film. The law allows investors in German-owned films to write off 100% of their investment as a tax deduction; it also allows them to invest borrowed money and write off any fees associated with the loan. The investor is then only required to pay taxes on the profits made by the movie; if the movie loses money, the investor gets a tax writeoff.
While Boll has received a lot of negative publicity regarding this funding method, he was actually one of the few directors to use the tax shelter as intended. His films were financed, produced, and directed by a German company, which was the initial intention behind the tax shelter: to provide incentive for investment in German entertainment properties. Regardless of the law's intention, most of these German film funds ended up funneling money to American studios to finance American blockbusters. The law merely required that the movie's copyright be owned by a German company; thus studios would "sell" a movie's rights to a German company, then immediately lease the movie back for a small fee, while the German owners would agree to very limited control. Essentially, the German company would own the movie on paper, but have no say over its production. Because of this, in January 2006, as had been expected for several months, the German legislature changed the country's tax laws to eliminate the tax shelter. It is not known if this will have any effect on Boll's funding as the new laws only seek to punish investors who are abusing the law for tax purposes; Boll's activities appear to be well within the legitimate usage of the tax shelter.
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Bottom line: He is getting money from Germany to produce crap. Why haven't one of us done this? The law most certainly does not say we have to be a natural citizen of Germany. At most we may have to claim residency in Germany, but even so, ITS MILLIONS OF DOLLAR TO MAKE MOVIES BETTER THAN UWE BOLL.
Perhaps the adaptations he makes are part of Germany's new plan to take over the world, because they most certainly are WASTES OF FILM. The worst part is IF HE MAKES A LOSS ON THE MOVIE, HE STILL GETS HIS MONEY BACK.
Thats all I have to say currently.
Movies directed by Boll have not achieved the kind of box office returns one expects from a typical Hollywood film. The House of the Dead (budget: $12 million ) broke $5.73 million on opening weekend, Alone in the Dark made over $5.1 million (budget: $20 million ), and BloodRayne (budget: $25 million ) topped $2.42 million. Despite these low returns on opening night, however, each Boll film has been profitable once the gross was tallied.[citation needed]
In the DVD commentary of Alone in the Dark, Boll explains how he funds his films:
"Maybe you know it but it's not so easy to finance movies in total. And the reason I am able to do these kind of movies is I have a tax shelter fund in Germany, and if you invest in a movie in Germany you get basically fifty percent back from the Government."
Boll is able to acquire funding thanks to German tax laws that reward investments in film. The law allows investors in German-owned films to write off 100% of their investment as a tax deduction; it also allows them to invest borrowed money and write off any fees associated with the loan. The investor is then only required to pay taxes on the profits made by the movie; if the movie loses money, the investor gets a tax writeoff.
While Boll has received a lot of negative publicity regarding this funding method, he was actually one of the few directors to use the tax shelter as intended. His films were financed, produced, and directed by a German company, which was the initial intention behind the tax shelter: to provide incentive for investment in German entertainment properties. Regardless of the law's intention, most of these German film funds ended up funneling money to American studios to finance American blockbusters. The law merely required that the movie's copyright be owned by a German company; thus studios would "sell" a movie's rights to a German company, then immediately lease the movie back for a small fee, while the German owners would agree to very limited control. Essentially, the German company would own the movie on paper, but have no say over its production. Because of this, in January 2006, as had been expected for several months, the German legislature changed the country's tax laws to eliminate the tax shelter. It is not known if this will have any effect on Boll's funding as the new laws only seek to punish investors who are abusing the law for tax purposes; Boll's activities appear to be well within the legitimate usage of the tax shelter.
__________________________
Bottom line: He is getting money from Germany to produce crap. Why haven't one of us done this? The law most certainly does not say we have to be a natural citizen of Germany. At most we may have to claim residency in Germany, but even so, ITS MILLIONS OF DOLLAR TO MAKE MOVIES BETTER THAN UWE BOLL.
Perhaps the adaptations he makes are part of Germany's new plan to take over the world, because they most certainly are WASTES OF FILM. The worst part is IF HE MAKES A LOSS ON THE MOVIE, HE STILL GETS HIS MONEY BACK.
Thats all I have to say currently.
