You Never Know When Your Number’s Up!

 

MegaBall$ / Oroloro News

investorbanner3

Section 181 Grandfathered

The federal film tax incentive known as Section 181 expired December 31st, 2016. The incentive allows film investors to minimize their risk by deducting their investment against passive income as soon as spending begins (capitalization of the offering).

However, the incentive will sunset December 31st. A bill has been introduced to once again renew but, based on past renewals – and considering how slow Washington moves, and a new administration – we can anticipate many months will pass before the bill comes to a vote; and who knows if it will pass. We can be sure there will be a gap until such time 181 renews where investors cannot deduct their investment as per the incentive.

We at Oroloro Entertainment are happy to report that our comedy feature film MegaBall$ has been grandfathered in, and the tax benefit for investors will not expire, but stay with our project. This gives us a very specific advantage over other films not covered by 181, making our project more attractive to prospective investors. Combining the benefits of 181 and state/local incentives, investors can see a substantial reduction in the financial risks of film investment. This is a great enhancement to our project, and giving us an edge when we promote MegaBall$ at the Sundance Film Festival January 21, 2017.

For more information on how Sect. 181 can benefit you check with your tax advisor – or, if you wish, send us an email and we will connect you with our lawyer (who was very involved in the drafting of Sect. 181). You may also ‘Google’ “Section 181” to see many legal opinions of the incentive.

lin-tucci-2

Got MegaBall$?

We’re very excited to welcome Lin Tucci to our MegaBall$ support team. Lin is a 2015 SAG Award winning actress best known as Anita DeMarco, a series regular on the hit Netflix series, Orange is the New Black (OITNB)

lin-tucci

with Lin at SAG-AFTRA

We had the pleasure of first meeting Lin during a SAG-AFTRA event in New York and immediately hit it off, joking and talking about … salami! She is a joy, very funny and endearing.

Lin agreed to read MegaBall$ but warned that it may take some time because she is shooting OITNB, but in a very short time responded, “Bravo, what a great script!…Sooo many things resonate for me….Your characters and storyline are rich in content….Fun and fast!…Your devotion to detail is profoundly admirable”

We agree with Lin, that the role of Rosa and Lin is a perfect fit, “fun, and would be a blast to create.”

Visit Lin’s web site HERE And her IMDB page HERE.

#LinTucci #OITNB #MEGABALLS

wscc


Top-10 Comedy!

We’re very pleased to announce that MegaBall$ was a finalist in the comedy division of the 2016 World Series of Screenwriting. Of many hundreds of entries our comedy made it to the Top 10 Comedy Screenplays….a placement to be proud of!

MegaBall$ was a semi-finalists in the 2015 ScreenCraft Comedy Competition; of 1,260 entire it ranked in the top 10%, and was a quarter-finalist in the 2016 Screencraft competition.

There are so many competitions around the world for screenplays, but few offer subdivisions by genre – something we believe all competitions should offer. After all, how can a comedy compete against a dram against a sci-fi thriller?

We have had very positive comments from other submissions. For example, both Slamdance and the Tribeca Film Institute called the project very commercial and enjoyable. We’re confident that the project will sell – so, off we got after the production funds…and we’ll be attending the Sundance Film Festival in January 2017, promoting and networking….

wss-award

corky


Top Notch!

Our new lawyer and co-executive producer, Hal “Corky” Kessler and his law firm, Deutsch, Levy & Engel, were honored as Best Entertainment Attorney.

The Middle Market Monthly has chosen Deutsch, Levy and Engel as the 2016 Business Elite Awards’ Best Entertainment Law Attorney – USA. The Middle Market Monthly will produce the 2016 Business Elite award winner’s magazine, which will be digitally distributed to their subscriber base of 60,000 business professionals worldwide. That, along with the winner’s directory, will be live on their web site for 12 months.

Corky is considered one of the leading experts on the Federal Film Tax Incentive known as Sect. 181., and has been involved in the development and production of more than sixteen films, with six more in the works (including MegaBall$). We’re very excited about having Corky part of our award-winning production team!

sundance-night


Sundance!

We’re taking MegaBall$ to Sundance!

After a favorable experience at the Toronto Film Festival (TIFF16), and upon the advice of our film lawyer, we have decided to attend the Sundance Film Festival in January. We believe it is prudent to attend some major festivals before you have a film entered so you may better understand how they work without the pressure of pushing a project being screened.

Our goal for both TIFF and Sundance is to not only gain experience, but to take advantage of any panel discussions AND network…. network …. network.  Attending Sundance will afford us another good opportunity to promote the development of our film, MegaBall$, get new followers on social media and possibly connect more people to the project to move it forward.

Sundance has a reputation for its multiple networking events. Our lawyer not only helped arrange accommodations but has lined up four days’ worth of events and panels. So, off we go! The room has been booked, air travel next. Unlike TIFF, we’ve planned this far enough in advance so we may now reach out to an assortment of industry reps to try to schedule some meet & greets. Our 1-sheet went over really well in TIFF, so we’ll have a good supply on hand for Park City.

If you are planning to attend as well, please connect with us via Facebook, Twitter or Instagram (Oroloro), and perhaps we can also meet up!

20160914_094446

One of many theaters used for TIFF screenings. This often hosted red carpet premiers.

We recently attended 5 days of the 2016 Toronto Film Festival and would like to share our experience.

Toronto is a great city: good transportation, very clean and people are friendly. It feels like Manhattan with a European flair. The festival is centered downtown in the Entertainment district and almost everything is in walking distance. For those who cannot find accommodations nearby find one near the underground or trolley lines, which are very efficient.

We were able to put together the travel and hotel with loyalty points keeping the trip very affordable.  We used the new UP Express, a train which connects Pearson Airport to Union Station. $12 Canadian gets you there in 25 relaxing minutes. Our hotel, the Delta, was in walking distance of Union Station and boasted amazing views. We kept our food costs low by having large breakfasts at the hotel (included in our deal), and by taking advantage of the VIP lounge in the evenings, which offered a variety of food and drink (also included).

We attended TIFF to get the experience of a major festival. I’ve heard it said, and found it to be true, that it’s a good idea to attend a major festival BEFORE you have a film entered. It’ll be a great learning experience to see how the festival runs, and how the industry works within the fest. Our new lawyer, Corky Kessler,  thought it would be good to join him and others who were attending, and to sit in on a panel.

TIFF is the largest festival in North America, and with 350 films screened in ten days it’s too large. Considering every day there are multiple premiers, screenings, panels, discussion, events and parties one cannot not physically make them all. There were several films I had hoped to see including The Bleeder (which a friend acted in) and Egon Schiele: Tod und Madchen. I had written to a few friends who I knew were attending. At last minute one told me he had 1 extra ticket for The Bleeder but we had set other plans that day and time. The lines waiting for rush tickets were very long to almost every film, and those with the most buzz were impossible to get into. We focused on the panels, discussions and networking moments to learn as much as we could. Our intent was to learn all we could, network where possible, and to use TIFF as the jumping point of the reboot of our film, MegaBall$.

We were armed with some great looking one-sheets; heavy magazine glossy sheets with our poster on one side (designed by our production designer, Roger Ambrose) and details about the project on the other. We handed out where ever we could, but wished we totally depleted our supply before leaving. The response from those we talked with was very positive. They liked the concept, the 1-sheet, and one person stated our log line was the best he’s ever read.

We were invited to one party hosted by the South African Film Office, but we opted to attend one jointly hosted by SAG-AFTRA and ACTRA. I felt as a board member of SAG-AFTRA I was better suited to meet and greet fellow members and union leaders. Overall a nice event and a need break from promoting our film’s development.

The big lesson we learned a little too late. Don’t expect to randomly meet some person in a festival that will have time to talk about the project you’re developing. Sure, there are many filmmakers willing to talk – and we were happy to do that. But the industry people you want, the financiers, distributors and sales reps are so busy doing business there’s not much time to meet. Their schedule doesn’t allow them to just grab a wine and mingle at some panel. The trick is: once you’ve purchased your industry pass, most festivals release a list of all the industry people attending. You must go down that list and reach out to preset meetings. The further in advance of the festival the better. We were able to secure one meeting in advance, that was a little harried because it started late, and we needed to catch the UP train back to our flight home.

Our lawyer had asked us to sit on one of several livestreamed panels about film that coincided with the festival which was featured on Torontoeco.tv. In addition to the development panel we spoke on, we stayed off camera to listen to all the other panels. This was a good move for heard some good advice, met a lot of good people — all colleagues of our lawyer and who took our project seriously. According to the technician the streamed panels had 150,000 views worldwide.

We enjoyed a little down time as well, to pace ourselves and enjoy the city. I wouldn’t mind returning for a few days to play tourist in the early fall.

The overall lesson – plan far ahead when attending a festival. Try to make appointments to meet industry people long before you get there. Dress comfortable, specially shoes, and be armed with a good 1-sheet and lots of business cards, and pens and a notepad. Make sure your 1-sheet (or business cards) have white-space where people can make notes.

Today we now start doing our follow-up. We are now 506c compliant and seeking accredited investors. Bon chance!

20160914_135432

Oh yeah?! Well, we got MegaBall$ !!!

toronto-film-festival-placeholderToronto Film Festival 2016

We’re are in the final stages of prepping to attend the 40th Toronto Film Festival 2016 TIFF16. We’ll be there Sept 10th to the 15th. We’ll be speaking on a panel on Sept 12th, and doing lots of networking and promoting the development and financing of our comedy feature film, MegaBall$. We’ve managed to use hotel points and frequent flier miles to make the trip inexpensive.

We now have a new lawyer/co-exec producer on our team, Hal “Corky”Kessler, ho is very respected in the world of independent film. We’re in the final stages of finishing up a total reboot of our package: new legal, new offering, and new budget. The final work will be Sec 506c compliant. Our budget is now $2 mil, with 400 investor units valued at $5,000 each, and will be effective as of Sept 1, 2017. We’re very pleased with the changes, and we’ve added more team members. Our goal is a Mid-Late Spring 2017 shoot. If you’re at Toronto for #TIFF16 please say hello!…and if you know of any accredited investors, send them our way!

We’ll be on a TIFF16 panel Tuesday, Sept 12th, livestreamed online. There are panels running from 2:30 t0 5:00 PM about Pitching, Dealing with Agents, Development, Funding, International Co-Productions & New Finance Trends, Distribution, and Intellectual Property & the art of contracts. The panels are hosted by our lawyer and co-executive producer, Corky Kessler, and we’re set for the Development Panel at 3:20 PM, along with producer/director James Pasternak, Steven Adam and Chris Helwink. The streaming will be on TorontoEco, a TV show filmed live during the festival at the One King West Hotel Penthouse,  and streamed online at http://www.torontoeco.tv/ – tell your friends, share the link! Viewers can not only watch, but post questions during the panels!

We’re very excited about sitting on the panel – and attending the others. It gives us a great opportunity to learn, meet and network with industry professionals, and expose our MegaBall$ to the world watching online!

BANNER-TIFF16

MaxIt Magazine, an online publication supporting independent film, has written about us: READ MORE

May 13, 2016: The ScreenCraft Screenplay Competition is considered one of the 15 top contests in the world. Last year, MegaBall$ placed in the semi-finals of the 2015 ScreenCraft Comedy Screenplay Contest: of 1260 international entries, we placed in the top 10%.

We finessed the screenplay and reentered. We’re please to share that MegaBall$ is in the quarterfinals of the 2016 ScreenCraft Comedy Screenplay Contest. Stay tuned!

quarter finals

Feb 9, 2016 – 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

Official Release

 

 January 26, 2016 – We are sad to learn of the death of friend Abe Vigoda today, and send our best to his daughter, Carol, and her family. Abe is best known for his role as Sal Tessio in The Godfather, and as Detective Phil Fish in Barney Miller. My first reaction on hearing the news was, “Are you sure” – referring to the story in People Magazine years ago erroneously reporting of his death, and ever since then….when Abe’s name was mentioned, someone would invariability reply, “Is he still alive?”

Me Abe Cliff(Pictured here are Marc Baron, Abe Vigoda and Cliff Robertson.) Always a gentleman, and always encouraging those around him.  I first met Abe when he joined The Lambs, the historical actors’ club in New York. What many did not know about Abe was that he loved Shakespeare and musical theater, and loved watching live singers. He would often stand around the piano at The Lambs and join in with the singers having a great time.

When he first heard about MegaBall$, and how I thought of him for one of the supporting roles, Abe wanted to learn more, and had asked that rather than read the script, to write him a few pages about the story and about “his” character. After reading the requested material he told me it was okay to tell people he was interested in working on the film. Every so often when we’d talk he’d remind me that he’s not getting younger, and how he was still working.

Sadly, this time the report of his death is true.

Read more about Abe at:  NBC News     NY Times    ABC News     Hollywood
Reporter
    
USA Today    NY Daily News    Variety     CinemaRetro


January 22, 2016 – We’re proud of our production designer, Roger C. Ambrose, for his recent work regarding the announcement of Fox TV’s new X-Files.

12524040_10153906213366255_4588603742167618080_n

This appeared at LA’s Grove on January 22, 2016, and was featured in The Hollywood Reporter, The Wrap and the LAIst.com…and a video report from FoxTVNews-LA.  Congrats, Roger! We’re excited to have Roger as part of our award-winning production team. Our team holds every award except an Oscar: Emmy, Clio, Tony, Drama Desk, Golden Record….the list of awards goes on and on.

#XFiles


Oroloro partner Joe Cirillo was interviewed on WGBB radio Saturday, Aug 22, 2015, for  Lou Telano’s StreetWise show. Joe talks about his years as an NYPD police officer, then his career switch to film & televison as an actor, technical advisor, screenwriter, and now as a producer of MEGABALL$.

Listen here.

An independent comedy feature film by Oroloro Entertainment


Sect 181 Grandfathered

MegaBall$ is Section 181 Grandfathered The federal film tax incentive known as Section 181 will expire December 31st, 2016. The incentive allows film investors to minimize their risk by deducting their investment against passive income as soon as spending begins (capitalization of the offering). However, the incentive will sunset December 31st. A bill has been introduced to once again renew but, based on past renewals – and considering how slow Washington moves, and a new administration – we can anticipate many months will pass before the bill comes to a vote; and who knows if it will pass. We can be sure there will be a gap until such time 181 renews where investors cannot deduct their investment as per the incentive. We at Oroloro Entertainment are happy to report that our comedy feature film MegaBall$ has been grandfathered in, and the tax benefit for investors will not expire, but stay with our project. This gives us a very specific advantage over other films not covered by 181, making our project more attractive to prospective investors. Combining the benefits of 181 and state/local incentives, investors can see a substantial reduction in the financial risks of film investment. This is a great enhancement to our project, and giving us an edge when we promote MegaBall$ at the Sundance Film Festival January 21, 2017. For more information on how Sect. 181 can benefit you check with your tax advisor – or, if you wish, send us an email and we will connect you with our lawyer (who was very involved in the drafting of Sect. 181). You may also ‘Google’ “Section 181” to... read more

Lin Tucci loves MegaBall$

We’re very excited to welcome Lin Tucci to our MegaBall$ support team. Lin is a 2015 SAG Award winning actress best known as Anita DeMarco, a series regular on the hit Netflix series, Orange is the New Black (OITNB) We had the pleasure of first meeting Lin during a SAG-AFTRA event in New York and immediately hit it off, joking and talking about … salami! She is a joy, very funny and endearing. Lin agreed to read MegaBall$ but warned that it may take some time because she is shooting OITNB, but in a very short time responded, “Bravo, what a great script!…Sooo many things resonate for me….Your characters and storyline are rich in content….Fun and fast!…Your devotion to detail is profoundly admirable” We agree with Lin, that the role of Rosa and Lin is a perfect fit, “fun, and would be a blast to create.” Visit Lin’s web site HERE And her IMDB page HERE. #LinTucci #OITNB... read more

Corky Kessler – Deutsch, Levy & Engel Honored

Our new lawyer and co-executive producer, Hal “Corky” Kessler and his law firm, Deutsch, Levy & Engel, were honored as Best Entertainment Attorney. The Middle Market Monthly has chosen Deutsch, Levy and Engel as the 2016 Business Elite Awards’ Best Entertainment Law Attorney – USA. The Middle Market Monthly will produce the 2016 Business Elite award winner’s magazine, which will be digitally distributed to their subscriber base of 60,000 business professionals worldwide. That, along with the winner’s directory, will be live on their web site for 12 months. Corky is considered one of the leading experts on the Federal Film Tax Incentive known as Sect. 181., and has been involved in the development and production of more than sixteen films, with six more in the works (including MegaBall$). We’re very excited about having Corky part of our award-winning production... read more

Finalist: World Series of ScreenWriting

We’re very pleased to announce that MegaBall$ was a finalist in the comedy division of the 2016 World Series of Screenwriting. Of many hundreds of entries our comedy made it to the Top 10 Comedy Screenplays….a placement to be proud of! MegaBall$ was a semi-finalists in the 2015 ScreenCraft Comedy Competition; of 1,260 entire it ranked in the top 10%, and was a quarter-finalist in the 2016 Screencraft competition. There are so many competitions around the world for screenplays, but few offer subdivisions by genre – something we believe all competitions should offer. After all, how can a comedy compete against a dram against a sci-fi thriller? We have had very positive comments from other submissions. For example, both Slamdance and the Tribeca Film Institute called the project very commercial and enjoyable. We’re confident that the project will sell – so, off we got after the production funds…and we’ll be attending the Sundance Film Festival in January 2017, promoting and networking….... read more

Going to Sundance Film Festival

It’s official – Oroloro partners, Joe Cirillo and Marc Baron, will be taking our MegaBall$ to the Sundance Film Festival in Jan 2017. At the recommendation of our new film lawyer and co-executive producer, Corky Kessler, we’ll join him and a other clients at Sundance Jan 21st to the 25th. In addition to experiencing Sundance for the first time, this will give us some  great networking opportunities. As we did at the Toronto Film Fest, we’ll use this trip as a chance to promote the development of our comedy feature, while attending panel events on indie film. Corky has already set up three-days’ of events for us to attend, with more on the way. We also hope to attend one of the SAG-AFTRA brunches. If you’ll be in Sundance give us a shout out! Unlike Toronto, this time we’ve planned far enough in advance to begin to reach out to sales reps, distributors (and others) and try to set up a few meet and greets. Accommodations are booked, air travel all set – we’re on the way! Between now until then – just 92 days – our project will go live on Opening Night Capital (ONC), an investment portal design primarily for Broadway and Off-Broadway plays – and the first such portal to go live under the new SEC rules. The producer/owner liked MegaBall$ so much that they wish to help us and list our film as well. ONC has a public side and private side, and a mailing list of 100’s of accredited investors experienced in angel investments. Our legal reboot this summer makes our offering SEC Rule 506c compliant, and allows us to publicly... read more

Matthew Broderick

Here … Oroloro partners Joe Cirillo and Marc Baron stand with Matthew Broderick, taken Oct 18, 2016 during an event at The Lambs inducting Matthew as an Honorary Lifetime Member. Marc has worked several films with Matthew and the two have kept in contact ever since – it was Matthew who encouraged Marc to write. The event raised money for  The Lambs Foundation Piano Drive.  ... read more

TIFF16 Approaches – We’re on Panel

Two days to the 40th Toronto Film Festival 2016 TIFF16. We’ll be there Sept 10th to the 15th. We’ll be speaking on a panel on Sept 12th, and doing lots of networking and promoting the development and financing of our comedy feature film, MegaBall$. The afternoon of panels will be streamed live and viewers may submit questions: WATCH HERE. Our new new lawyer/co-exec producer is, Hal “Corky”Kessler, a very respected figure in the world of independent film. We;ve finished up a total reboot of our package: new legal, new offering, and new budget. We’re Sec 506c compliant. Our budget is $2 mil, with 400 investor units valued at $5,000 each, and will be effective as of Sept 1, 2017. We’re very pleased with the changes, and we’ve added more team members. Our goal is a Mid-Late Spring 2017 shoot. If you’re at Toronto for #TIFF16 please say hello!…and if you know of any accredited investors, send them our way! PANEL TALKS LIVESTREAMED: We’ll be on a panel Tuesday, Sept 12th, livestreamed online. Panels run from 2:30 t0 5:00 PM about Pitching, Dealing with Agents, Development, Funding, International Co-Productions & New Finance Trends, Distribution, and Intellectual Property & the art of contracts. The panels are hosted by lawyer and co-executive producer, Corky Kessler, and we’re set for the Development Panel at 3:20 PM, along with producer/director James Pasternak, Steven Adam and Chris Helwink. The streaming will be on TorontoEco, a TV show filmed live during the festival at the One King West Hotel Penthouse,  and streamed online at http://www.torontoeco.tv/ – viewers may submit questions …. tell your friends, share the link! We’re very excited about sitting on the panel – and attending the others. It gives... read more

Poster Update

As part of our overhaul and reboot of our development process, we’ve redesigned out development poster. Working from a crude mock-up, our production designer, Roger C. Ambrose, came up with an exciting design. The image will be used on the cover of all promotional materials, and will be the anchor of our one-sheet. We’re very fortunate to have Roger on our creative team. Using images from the lotto, our logo (title spelled out on lotto balls) and hiding algorithms in the background, the design sums up the gist of the film. Although we’ve released the image here, the real rollout will be at the Toronto Film Festival 2016, where we’ll be guests on a panel … and networking …and networking….and... read more

TIFF2016

It’s official! Oroloro (Joe Cirillo and Marc Baron) will be attending the 2016 Toronto Film Festival. We have been asked to speak on a panel event along with our new project lawyer and co-executive producer, Corky Kessler. This gives us the perfect opportunity to launch the reboot of our efforts to make MegaBall$…and some terrific opportunities to network with people that can thrust the project forward. MegaBall$ is rebooting all its legal work and raising the budget to $1.5 million. Our offering will be SEC Rule 506c compliant, and the project listing on various sites promoting indie film. We’ve update the film logo, will be updating our website and all of our promotional materials. Please follow us on Facebook, Twitter, Pinterest, LinkedIn and other social media. We’ll make frequent posts from Toronto! Our slightly revised logo, above, features an orange ball – something referenced in the storyline and an homage to The... read more

Two Films Showing

We’re helping two indie films with releases happening now! Both are having releases throughout the US. Check them out and support IndieFilm The first is EQUITY, a female written/directed/starring drama about Wall Street, opening in NY at the Angelika Film Center, and and the Lincoln Plaza Theater. It’s been getting good press – read the NY Times. There will be Q&A after some screenings…. The second is BROOKLYN BANKER, the directorial debut of actor Frederico Castellucio…a mob drama written by Michael Ricigliano featuring Paul Sorvino and David Proval, now playing in several cities. Visit their web site for details … I’m going to the red carpet premiere this Tuesday.... read more

An independent comedy feature film by Oroloro Entertainment