Malcolm Petal

Contributors

Malcolm Petal start the LIFT Production Company. While his story is plagued with the typical Louisiana corruption, he was an entrepreneur in utilizing tax credits to help filmmakers who wanted to produce in the area.

LIFT Productions

Malcolm Petal formed LIFT Productions after Louisiana created the incentive program. LIFT was the first firm created to utilize them, making them the first to start a new wave of “runaway production” in not just Louisiana, but the United States. Runaway production had previously been instituted in places like Canada. Because of technology, everyone that is a part of the film production process can be connected instantly. Geographical borders were such a significant factor as they had been in the past. [1] Now that it is capable for filmmakers to have access to technology and equipment outside of Hollywood, runaway production becomes much easier than it did during the time of Chisholm and Hannon. Now that everything can be done at the click of a button, there is far less involved in getting finishing production and national distribution as the original entrepreneurs faced.

In 2002, Petal and John J. Anderson created a way for filmmakers to reap the benefits of the tax incentives and use them to produce film in Louisiana. The firm handled tens of millions of dollars in Louisiana tax credits that were issued in connection with the movie production industry. [2]

Patel ran into trouble when William Bradley, a lawyer, admitted to accepting $135,000 in bribes from him. The money was split with Mark Smith, the Louisiana state film commissioner. Smith had granted Patel more tax credits they he deserved based on his expenditures. The tax credits were then sold at a slight discount providing instant cash for film producers.

Petal was an entrepreneur in the use of the Louisiana tax credits that would help out film makers hoping to shoot in the area. However, similar to that of R.M. Chisholm, Petal was plagued with corruption and making money in his own interests. In December of 2008, Patel pleaded guilty to paying the bribes and received a sentence of 5 years in prison.

  • Govil, et al. Global Hollywood 2, 127., London: British Film Institute, 2005.
  • Russell, Gordon. “Bagman in Louisiana Film Scandal Sentenced to 10 Months in Prison.” New Orleans, LA Local News, Breaking News, Sports & Weather. July 16, 2009. Accessed April 07, 2013. http://www.nola.com/.

This page was last modified on 07 April 2013, at 03:57

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