Posted in News by A2IM
On November 12th, Rich Bengloff joined a panel of music industry participants in a Roundtable discussion at the Wythe Hotel in Brooklyn on behalf of NY Is Music, an organization founded by Justin Kalifowitz (CEO, Downtown Music Publishing) and William Harvey (Musician and Studio Owner). The organization’s aim is to secure financial support from the State government for the New York-based music industry and companies that bring music recording production to New York State.
The discussion was led by NY State Assemblyman Joe Lentol (D-Brooklyn), whose assembly district includes A2IM members like Daptone and Secretly Label Group. The panel also included Anthony Rodolakis (New York State Assembly, Ways and Means Committee), Ben Allison (Musician), Binta Brown (Lawyer/ Entrepreneur), Carlo Scissura (Brooklyn Chamber of Commerce), Gregg Wattenberg (Producer, Wind-Up Publishing), John O’ Conner (AFM – Local 802), Justin Kalifowitz, Kirk Imamura (Avatar Studios), Linda Lorence-Critelli (SESAC), Lindsay Scola (NYC Mayor’s Office, Media & Culture), Marty Nolan (Cult Records), Maya Kremen (AFM – local 802), and William Harvey.
NY Is Music’s first initiative is to support recently introduced proposed legislation aimed at creating a $60 million budget to give creators a 20% recording tax credit/subsidy for New York State production work (including recording costs, artist royalties, musician session fees, graphics, music video production costs, etc., including direct marketing costs to launch the recording). A number of A2IM members have voiced support for this initiative on the NY Is Music website. Please express your interest/support by sending your logo to be posted on the NY Is Music website to firstname.lastname@example.org and copy fawn@A2IM.org.
Please note that this tax credit will be available to all A2IM members that bring production to New York, even if not New York based, in a similar manner to the tax credits currently offered by Georgia, Louisiana, and Tennessee.
You can read more about the NY Is Music initiative on their website, or by accessing this NY Times article link.
Read the proposed legislation here.
NY Is Music Panel