Connect with us

Entertainment

For your eyes only: tale of the superspy, the taxman and a very British brand | James Bond

Published

on

From Miss Moneypenny to Q, James Bond has long relied upon a series of government officials. Now it has emerged that Her Majesty’s most famous secret agent has also enjoyed the support of another British civil servant: the taxman.

A new report by the investigative thinktank, TaxWatch, suggests EON Productions, the London-based studio that makes the James Bond films, makes very little profit in the UK but has received tens of millions of pounds in tax credits.

Publicly available accounts reveal that Spectre, which came out in 2015, received £30m in tax credits, while the latest film, No Time To Die, whose release has been put back until next year because of the global pandemic, was handed £47m.

The total amount of UK tax credits EON received since the credits were introduced in 2007 is likely to be closer to the £120m mark. Leaked emails revealed that 2012’s Skyfall received £24m in tax credits, while TaxWatch calculates that Quantum of Solace (2008) would have received around £21m.

The postponement of No Time To Die – the 25th 007 blockbuster – was cited by the Cineworld chain as the major reason it recently decided to temporarily close its UK cinemas.

“With cinemas and theatres around the country closing, and cultural sector workers facing real hardship, you have to wonder whether handing over tens of millions of pounds to such a profitable franchise is the best use of public money,” said George Turner, director of TaxWatch.

For a film to receive tax credits it must be certified as “culturally British” by the British Film Institute.

But, then, few brands are as British as the 007 franchise which has generated some $16bn in revenues since it began. Daniel Craig memorably featured alongside the Queen in the opening ceremony of the London 2012 Olympics.

While many parts of the films are shot abroad, production is centred at Pinewood Studios, near London. Editing and post-production work on Spectre was split between Pinewood and Soho in central London.

Cineworld in Stevenage, Hertfordshire, with a poster of No Time to Die.
Cineworld in Stevenage, Hertfordshire: the company cited the delayed release of No Time to Die as a major reason for its decision to temporarily close its cinemas earlier this month. Photograph: Linda Nylind/The Guardian

EON does not fund the Bond films, takes no financial risk, and has never held any rights to make the films since producers Harry Saltzman and Albert R “Cubby” Broccoli acquired the rights to Ian Fleming’s Bond novels and established the company in 1961. The following year, Broccoli and Saltzman’s wives, Dana and Jacqueline, created a company called Danjaq – an elision of their names – incorporated in Switzerland.

Under the structure set up by the two men, EON would make the films in the UK and sell them to Danjaq. In the 1990s, Danjaq was incorporated in Delaware.

Bond’s political masters would prefer the spy was very much an exclusively British asset. In February 2016, Tory MP Mark Spencer said tax on the profits from the Bond movies “should be paid in this country, not all over the world”. Danjaq said in a statement: “All the income from the James Bond films received by EON and Danjaq is subject to tax in either the UK or the USA. None of the income is sheltered in a tax haven.”

EON states in its 2015 accounts that once the production of a film has been completed, “the film is sold for a price equal to the total cost of production less the amount received in respect of UK Film Tax Credits”.

Such an arrangement is legal and common in the film industry. TaxWatch suggests it means that little profit will be made in the UK – reducing the tax liability that will accrue. How much tax Bond pays abroad is unclear due to the structure of the franchise’s finances.

But it is clear that it is hugely profitable. In 2014, leaked emails, believed to have been obtained by North Korean agents who hacked Sony Pictures Entertainment, revealed that Skyfall, which grossed $1.1bn worldwide, made $232m in profit for distributors MGM and Sony. Danjaq earned $109m.

Spectre grossed $880m worldwide, excluding revenues generated from DVD and VOD sales.

Danjaq said: “Since the 1960s Danjaq has chosen to make the James Bond films in the UK through EON Productions, resulting in the investment of more than a billion dollars in the UK film industry, the employment of tens of thousands of people, and showcasing the talents of British people to the world.

“EON has utilised the tax credits to help fund the making of Bond films in the manner intended by the government. This has enabled the Bond films to be continued to be made in the UK to the benefit of the UK film industry.”

“Every company in receipt of subsidy argues that the public money they receive is necessary to keep jobs in the UK,” TaxWatch’s Turner said.

“The reality is that Bond has been produced in the UK for decades and many years before the film tax credit system was introduced. Is it really credible that Commander Bond would defect to the CIA?”


Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entertainment

Best Bachelorette Twitter Reactions From Episode 3

Published

on

By

Well, um, I don’t know what show Clare thinks she signed up for…but The Bachelorette might not be the one for her!!! I’m plenty fine with her packing up her car with her fiancé and making way for Tayshia.

ANYWAY, here are the best tweets from last night’s ridiculous episode:

1.

I don’t want to call it early, but in a bizarre turn of events, I think this photo shows both the worst Bachelor AND Bachelorette of all time. #TheBachelorette

2.

ABC: We need an older woman to be #thebachelorette so we can give America the mature, less dramatic season it deserves.

Clare:

5.

Me too brah…This is the look we all have had since the start of this season🤣🤣🤣 #TheBachelorette #bachelorette

10.

Apparently Claire got this close to Zach before realizing he is in fact not actually Dale #TheBachelorette #bachelorette

11.

THEY BROUGHT IN CHRIS HARRISON TO SEND HIM HOME???? WHAT JUST HAPPENED??? #TheBachelorette

14.

Claire asking about info about Dale has the SAME vibes as Angela asking around about dwight pepper spraying Roy #TheBachelorette #BachelorNation #bachelorette

15.

“I didn’t get what I needed from you guys” says Clare after spending the whole night asking them about dale 🤦‍♀️ all the guys deserve better than her #TheBachelorette #TheBacheloretteABC #thebachlorette

16.

clare: “i can’t believe they just roasted my fiancé like that”

everyone else:
#bachelorette

17.

FIANCÉ ????? ARE YOU KIDDING ME ??? this is so disrespectful #TheBachelorette #bachelorette

18.

The cameraman when Clare said “they’re dishing out my fiancé right now” ????? #TheBachelorette #bachelorette

21.

never once did i think in the year of our lord 2020 i would find myself rooting for someone like bennett #bachelorette

22.

Clare: the men seem to be making some jokes about Dale

*Bennett seizing the moment*

#bachelorette #TheBachelorette

23.

Bennett: “Can we stop talking about Dale?”
Clare: “Dale, Dale, Dale…” #TheBachelorette #BacheloretteABC

TV and Movies

Get all the best moments in pop culture & entertainment delivered to your inbox.



Source link

Continue Reading

Entertainment

Zoey 101 Theme Song Follow Me Music Video

Published

on

By

Not me getting emotional over a time capsule…

In the video, the original actors are back on set to cast and film the music video… it’s all very meta.


UMG / youtube.com

Erin Sanders (Quinn Pensky), Matthew Underwood (Logan Reese), and Chris Massey (Michael Barret), and Sean Flynn (Chase Matthews) all returned.

And there are some new guests like JoJo Siwa, Dixie D’Amelio, Loren Gray, Gigi Gorgeous, and Noah Beck who joined in on the fun too.


UMG / youtube.com

Chantel Jeffries, Sofía Reyes, Eva Gutowski, and Too Hot to Handle‘s Harry Jowsey were also there.

There are even cameos from Jamie Lynn’s daughter Maddie and her mom Lynne.

Then, Jamie Lynn gives us a brand-new pop version of the *iconic* theme song along with SO many great Zoey 101 references.

Like Quinn and her ~Quinn-ventions~…

…Pear company computers and Tek-Mates…

…that episode where the cast got stranded on the beach…

…the legendary Jet-X…

…Logan and Quinn’s ✨secret romance✨…

…and of course, the time capsule where Chase finally admitted he was in love with Zoey.

It’s all so — dare I say — ~drippin’~.

Just see for yourself! Watch the video here.

TV and Movies

Get all the best moments in pop culture & entertainment delivered to your inbox.


Source link

Continue Reading

Entertainment

TV Couples Who Are Together In Real Life

Published

on

By

We asked the BuzzFeed Community to tell us which TV couples they were shocked to find out were together IRL. Here’s what they said:

1.

William Daniels and Bonnie Bartlett


Frazer Harrison / Getty Images

Where you know them from: Mr. Feeny and Dean Bolander from Boy Meets World, and Ellen and Dr. Mark Craig from St. Elsewhere

When they got together: They met at Northwestern University and got married in 1951. Together, they have two sons Robert and Michael.

punchandpie

2.

Chase Stokes and Madelyn Cline

3.

Jared and Genevieve Padalecki

4.

Todd Grinnell and India de Beaufort

5.

Melissa Benoist and Chris Wood

6.

Nick Offerman and Megan Mullally

7.

Emily VanCamp and Josh Bowman

8.

Natalia Dyer and Charlie Heaton


Gregg Deguire / Getty Images

Where you know them from: Nancy Wheeler and Jonathan Byers from Stranger Things

When they got together: They’d been rumored to be dating for a while, and then a source officially confirmed their relationship in 2017.

rhyss134k

9.

Ginnifer Goodwin and Josh Dallas

10.

Richard Schiff and Sheila Kelley


Greg Doherty / Getty Images

Where you know them from: Dr. Aaron Glassman and Debbie Wexler on The Good Doctor

When they got together: They got together in 1990, after Richard “swooped” Sheila away from her boyfriend at the time, and then got married in 1996. Together, they have two kids.

erikaf44a11f75e

11.

Kit Harington and Rose Leslie


Frazer Harrison / Getty Images

Where you know them from: Jon Snow and Ygritte from Game of Thrones

When they got together: They were first rumored to be dating in 2012 after photos of them holding hands surfaced. Then, for years after, Kit denied a romantic relationship with Rose, while also admitting he’s very private about his love life. At the 2016 Olivier Awards, they made their first public debut as a couple, and in 2018 they got married. They’re currently expecting their first child together.

pierremonet

12.

Brandon Routh and Courtney Ford


Amy Sussman / Getty Images

Where you know them from: Ray Palmer and Nora Darhk from Legends of Tomorrow

When they got together: They first met in 2004, when Courtney’s brother had his wedding rehearsal dinner at the same bowling alley where Brandon worked as a bartender. They started dating shortly after and got married in 2007. They have an 8-year-old named Leo.

rachelface91

13.

Steve and Nancy Carell


Valerie Macon / Getty Images

Where you know them from: Michael Scott and realtor Carol Stills from The Office

When they got together: They met when Nancy had taken one of Steve’s improv classes at Second City in Chicago, and they got married in 1995. Together, they have two kids.

desilva86uk

14.

Ross Lynch and Jaz Sinclair

15.

Helen George and Jack Ashton

16.

Alexis Bledel and Vincent Kartheiser


Alberto E. Rodriguez / Getty Images

Where you know them from: Beth Dawes and Pete Campbell from Mad Men

When they got together: They met on set of Mad Men when Alexis first appeared as Beth in Season 5, but didn’t officially start dating until that season wrapped. Then, they got married in 2014 and have one child together.

emma1515

17.

María Pedraza and Jamie Lorente

18.

Eliza Taylor and Bob Morley

19.

Anna Paquin and Stephen Moyer


Gregg Deguire / Getty Images

Where you know them from: Sookie Stackhouse and Bill Compton from True Blood

When they got together: They met when they were both screen testing for True Blood in 2007 and then started dating shortly after they began filming Season 1. Then, they got married in 2010 and had twins in 2012. Anna is also a stepmother to Stephen’s two other children.

katchichlp

20.

David Giuntoli and Bitsie Tulloch

21.

Charlie Day and Mary Elizabeth Ellis

22.

Téa Leoni and Tim Daly

23.

Michael J. Fox and Tracy Pollan


Jamie Mccarthy / Getty Images

Where you know them from: Alex P. Keaton and Ellen Reed from Family Ties

When they got together: They met on set of Family Ties, but at the time, Ellen was actually dating Kevin Bacon. Years later, they met again on the set of Bright Lights, Big City and finally started dating in 1987. They got married in 1988 and have four kids together.

allonswolfsnowing

24.

Matthew Rhys and Keri Russell


Mike Coppola / Getty Images

Where you know them from: Elizabeth and Philip Jennings from The Americans

When they got together: They started dating in 2014, after Keri and her ex-husband Shane Deary separated. They have one child together, and Keri has two more kids from her previous marriage.

lydiaalfrey

25.

Finally, Kelly Ripa and Mark Consuelos

TV and Movies

Get all the best moments in pop culture & entertainment delivered to your inbox.


Source link

Continue Reading

Breaking News

Shares