Entertainment Legal News

Gov. Blagojevich Appoints Film Production Veteran

Gov. Rod R. Blagojevich today named a new Managing Director for the Illinois Film Office to continue to advance the state’s aggressive efforts in support of the film industry in Illinois.  The Governor tapped Betsy Steinberg, an industry veteran with vast experience in television and filmmaking production, who will work to attract more film and television projects to Illinois, which will help bring even more jobs and revenue to the state. Steinberg replaces Brenda Sexton, who is leaving the Administration after a successful tenure, which saw the start the film industry’s revival in Illinois. The Illinois Film Office is part of the Illinois Department of Commerce and Economic Opportunity (DCEO), the Governor’s lead economic development agency.

“It’s my pleasure to welcome Betsy Steinberg to the Illinois Film Office.  Her extensive industry expertise, both on the creative and business side, will be valuable as we build on the momentum we’ve generated over the last three years and continue growing the film industry in Illinois. With our tremendous cities, locations, actors and crews, Illinois has everything Hollywood productions are looking for, and, with our recently expanded tax credit, Illinois is as competitive as ever. And my thanks to Brenda Sexton for her years of service and dedication in developing this important industry in Illinois,” Gov. Blagojevich said. Read more at commerce.state.il.us.

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	Did You Know?
	The title of Option is a defined factor When a creative entity, such as producer, artist, or studio, discovers a property and evaluates the rights status, they will, in most cases, attempt to negotiate an 'option' for the rights. An option is the right to acquire ownership of an intellectual property for a pre-determined amount of time. Size of the option payment often determines length of the agreement as well as how many forms of the rights will be included in the deal. While most option payments are subject to negotiation, script deals often work out to an even percentage of the purchase price.