ubbiali Posted February 23, 2015 Share Posted February 23, 2015 kate may well ask but Eddie will reply "commercial confidentiality" don`t forget - eddie says its not our money really 2 Quote Link to comment Share on other sites More sharing options...
Donald Trumps Posted February 23, 2015 Share Posted February 23, 2015 (edited) I'm hoping Mark Kermode will do a feature special on this for the IOM Film Festival, 'cause the whole thing is just doing my head in Edited February 23, 2015 by Donald Trumps Quote Link to comment Share on other sites More sharing options...
When Skies Are Grey Posted February 24, 2015 Share Posted February 24, 2015 I suggest we need a Venn diagram showing the relationships between- Isle of Man Film Commission CinemaNX The Media Development Fund Isle of Man Film Ltd Pinewood Financial Advisers Ltd Pinewood Shepperton plc Steve Christian Maybe Kate Beecroft MHK could ask for it on our behalf. Wouldnt it just be one circle? Quote Link to comment Share on other sites More sharing options...
FACT Posted February 24, 2015 Share Posted February 24, 2015 Like a carousel? Quote Link to comment Share on other sites More sharing options...
hagar the horrible Posted February 24, 2015 Share Posted February 24, 2015 Like a carousel? I would prefer 'merry go round'. 1 Quote Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted February 24, 2015 Share Posted February 24, 2015 Like a carousel? More like a dog on a lead, going mental. Quote Link to comment Share on other sites More sharing options...
woody2 Posted February 24, 2015 Share Posted February 24, 2015 Like a carousel? I would prefer 'merry go round'. called gallopers in the british isles Quote Link to comment Share on other sites More sharing options...
hagar the horrible Posted February 24, 2015 Share Posted February 24, 2015 Having given the subject a little more thought Helter Skelter (downward spiral) may be more appropriate? 1 Quote Link to comment Share on other sites More sharing options...
hillshepherd Posted February 24, 2015 Share Posted February 24, 2015 I suggest we need a Venn diagram showing the relationships between- Isle of Man Film Commission CinemaNX The Media Development Fund Isle of Man Film Ltd Pinewood Financial Advisers Ltd Pinewood Shepperton plc Steve Christian Maybe Kate Beecroft MHK could ask for it on our behalf. see Mickey Venn about this,he's also good at plumbing unlike david quirk. Quote Link to comment Share on other sites More sharing options...
manxy Posted February 24, 2015 Share Posted February 24, 2015 Should make a movie out of this and call it something like - The Bell Vinci Code (Better I try not to do funnies, but hey ho, give it a go) Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 24, 2015 Share Posted February 24, 2015 "The Sting" would be more appropriate..... 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 24, 2015 Author Share Posted February 24, 2015 This will rumble on and on until Eddie comes up with a simple set of investment v return figures, then it could be put to bed ! Whilst ever the owners of the money i.e. US are kept in the dark the scepticism will continue. Over to you Eddie ! Oh and don't let the tangerine one have a hissy fit because we dare to ask questions ! How true your observations were ASITIS.Back 0n the 29th December 2012. If Mr Teare would for once remove his head from his backside he would be able to see a lot more clearly I'm sure it was probably part of his first annual review too from when he was a bank teller. Quote Link to comment Share on other sites More sharing options...
newsnight Posted February 24, 2015 Share Posted February 24, 2015 http://www.tynwald.org.im/business/opqp/sittings/20112014/2012-GD-0029.pdf In was mentioned in a previous posting that it might be useful to see some graphs, visual representations of the relationships between the parties involved in the Pinewood / Teasury deal. To assist that the link above will take you to the Published IOM Government document "Stragegy for the Isle of Man Film Industry" which was published in June 2012. The question as to how many MHK's or Members of the Legislative Council actually read that document is not one I am able to answer, nor how many people on the Isle of Man took the time to read it. It is however, I think, a very important document because it sets down in some detail what the Treasury wanted to have as the "official" record of its position and intentions regarding the Pinewood proposition. As Minister Teare stated on Manx Radio, "its all about contract law". Who are we to disagree with that? What I also suggest it is about is facts. It is properly the business of the Public Accounts Committee to determine what the facts of the matter are, in findings of fact after investigation of any expenditure of public money, and in this case particularly that would be crucial. The chances of that happening seem at this time to be small. The Media Development Fund is a subject that the PAC would much rather not have to deal with. I wrote before in a previous posting in reply to Buster Lewin a quote taken from Daniel Patrick Moynihan, "You are entitled to your own opinion, but you are not entitled to your own facts" Because it is a fundamental requirement for any Parliamentary Democracy to function well that those who represent us should be careful to know the difference between an opinion and a fact, especially when the difference can have serious consequences for those who are being governed, the promotion of opinions with the purpose of obfuscation of facts is not a definition of open or transparent government. I am simply pointing out that for example, it is stated in the publication cited at Section 2 page 7, "White PWS are new to fund/investment activity" that company (in a specially incorporated wholly owned subsidiary) was contracted by the Treasury to do what exactly? Moroever, the next part of that paragraph states, "it has been agreed that a number of senior staff from NX will join PWS - in a no cost transfer of the bulk of the NX business from August 2012" . Was that what actually took place? Is that a factual representation of what happened? You may think it doesn't much matter either way, and you are entitled to your own opinion, we all are. However, this does involve millions of pounds of public money, and significant expenditures it, so what are you happy to have by way of explanations of how that public money has, and is being spent, opinions or facts? 3 Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted February 24, 2015 Share Posted February 24, 2015 Obviously none of them asked what the management fee would be. Did they know it would be around £350,000 per year? And no mention here of Pinewood Financial Advisers Ltd or Gasworks Media. , 5 years - Fund £25 million, split production £20 million P&A £5 million - Management fee – fixed annual fee - Finance fee per project = 12.5% of MDF investment, subject to minimum of £150K and maximum of £500K per film - Distribution fee on UK films 12.5% of collected net receipts to exclude tax credit/ subsidies 4.2 The notional splitting of the fund into production and P&A is an important part of making PWS a viable and competitive distributor in the UK. The idea is to make P&A (prints and advertising) investment available to support the release of our films in the UK. This is an important departure as hitherto, NX has had to find this investment from its own resources. By having access to a P&A fund of this nature, PWS will benefit enormously in being able to secure the best P&A terms for MDF supported films released in the UK. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 24, 2015 Share Posted February 24, 2015 Steve Christian would also appear to have benefited enormously.... 1 Quote Link to comment Share on other sites More sharing options...
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