The state has been a popular place for productions in recent years. It can allow investors to break even before a film reaches any screen, particularly in a state with generous tax credits like New Mexico.
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The movie was being made under a tax provision called Section 181, which applies to films costing $2.75 million to $7.5 million.
The actor told The Hollywood Reporter that the script reminded him of "Unforgiven,” a 1992 Western starring Clint Eastwood.ĭays after the shooting, the production of “Rust” was suspended indefinitely. Last year, Baldwin promoted the movie to buyers at the virtual Cannes film market. The film, which is based on a story by Souza and Baldwin, was financed in part by Las Vegas-based Streamline Global, which describes its business model as “acquiring films that offer certain tax benefits” that may "reduce the owner’s federal income tax liability from income earned from other sources.”īondIt Media, an independent film financier, also bankrolled “Rust.” The Santa Monica, California-based company has helped finance other male-fronted action thrillers like Liam Neeson’s “Honest Thief,” Mel Gibson’s “Force of Nature” and Bruce Willis’ “Hard Kill.”Įven before the shooting, the most likely destination for “Rust” was probably video on demand. Several companies came together to finance and produce “Rust,” including Baldwin’s El Dorado Pictures. "But it was also a predictable outcome of the incentive structure within the modern film industry.” “This tragedy was an apparent accident," he wrote on Instagram.
Gary Tuers, property master of “Tomorrow War” and “Jurassic World: Fallen Kingdom,” said the shooting was "an indictment of the modern production culture, which for the last 30 years has pursued tax credits and found every way imaginable (and several that weren’t) to sacrifice crew health and safety in the name of budget consciousness.” Zoromski told The Los Angeles Times that he declined an offer to work on “Rust” because producers insisted that one person could serve as both assistant prop master and armorer.