Moving up again...

The ScreenCraft Screenplay contest is considered by many as one of the top 15 best contests in the world. In 2015 MegaBall$ placed in their comedy contest in the semi-finals. Of the more than 1260 international entries, we placed in the top ten percent!

We then continued shaping the screenplay, and this year re-entered the 2016 ScreenCraft Comedy Screenplay Contest , and we're pleased to announce we're in the quarter finals.

Stay tuned for the next elimination round!

The Sad Passing of Ken Howard

Oroloro partners Marc Baron and Joe Cirillo sadly mark the passing of Ken Howard. An award winning actor, SAG-AFTRA president, advocate for performer's rights...and friend.

New NYC Film Commissioner

We welcome Julie Menin as the new NYC Film Commissioner. NYC is a very film-friendly town, and we look forward to the official support of the industry. We also hope we'll be walking into Ms. Menin's office setting up our film permits later this year.

READ MORE                READ MORE           READ MORE

 

Visit the NYC Office of Film & Media

 

Outta this world!

 

This is the work of our MegaBall$ production designer, Roger Ambrose, recently seen at the Hollywood Grove. A special design to mark the return of Fox TV's X-Files. Great work, Roger! You can read all about it at:

 

Hollywood Reporter

LAIst.com

TheWrap.com

 

 

We're proud of Roger and pleased to have him as part of our awarding production team!

 

#Xfiles #film #MBalls #Oroloro

Joe Cirillo Talks!

Oroloro partner Joe Cirillo was interviewed on WGBB radio Saturday, 8-22-15, for the show Streetwise with Lou Telano.

where he talks about his life as a NYPD police officer, and his transition to being an actor, screenwriter, celebrity security expert...and producer of our comedy MEGABALL$.

You can hear the interview by clicking HERE.

Section 181 Tax Incentive Renewed

Dec 18, 2015, Congress approved a spending package that include a provision to help filmmakers, by renewing the Sect 181 Federal Film Tax Incentive, which originated in the 2004 JOBS Act. The provision is retroactive to Jan 1 2015 and will expire on December 31, 2016. The revision also includes Theatrical productions, not just television and film.

The code allows investors to deduct their investment as soon as the qualified film begins production, then later claim any returns as income in future year (limited by passive income rules). There are limitations and a potential investor should consult their own tax adviser.  MEGABALL$ complies with the requirements of the film: 75% must be for paid service in the US, and our project will be 100%. Sect 181 may allow a film investor to minimize their risk.

Here are a few links to read more about Sect 181 and the tax implications:

Variety
Marc Jacobson (Lawyer) Tax Implications
Sect 181 Explained
Huffington Post

Filmmaker Magazine
Sect 181 Simple Breakdown

We hope potential investors will take into mind these tax implications and consider investing in MegaBall$, which has solid commercial appeal. Read more about MegaBall$

NYS Extends Film Tax Incentive

NY State’s popular film and television tax credit has been extended through 2019 will provide the stability necessary to allow the state to attract more long-term investments and create more jobs for New Yorkers all across the state.  READ MORE

 

Part of our overall plan is to use the tax incentive money for our marketing fund. A preliminary estimate puts our tax benefit at $190k.

 

Read more about MEGABALL$ on its web site.