'Transformers 5' news: Film receives $21 million tax incentive to shoot in Michigan; to start filming this summer

0

Paramount Pictures and the Michigan Film & Digital Media Office recently announced that “Transformers 5,” the fifth installment in the lucrative “Transformers” franchise, will be filmed this summer in Detroit, where parts of the first, third, and fourth films were also shot.

According to a deal struck between the state and Paramount, the production company will reportedly receive $21 million in state incentives for filming major portions of “Transformers 5” in Michigan. The agreement was signed before the state legislature closed down the film office incentive program in July 2015.

“Having one of the highest-profile film franchises created in Michigan is a major economic boost and a testament to the talent of the state’s production community,” Michigan Film & Digital Media Office commissioner Jenell Leonard said. “The production and economic investment is now happening sooner rather than later, and obviously, the project is a certainty rather than merely a possibility.”

“Michigan has been so welcoming of Michael Bay and the ‘Transformers’ movies over the years and we are thrilled to be returning for this next incredible installment,” Paramount Pictures’ president of physical production Lee Rosenthal commented.

According to Deadline, Michigan modified tax incentives from other state-approved Paramount Pictures projects and re-assigned them into a single agreement for “Transformers 5.” The outlet suggests that the other Paramount films included in the agreement may be “Beverly Hills Cop IV” and the film adaptation for John Green’s best-selling young adult novel “Looking for Alaska.”

Paramount Pictures and the state of Michigan are expecting an in-state spend of $80 million for “Transformers 5,” Variety has learned. The project is expected to hire 850 cast and crew members, 450 of which will consist of Michigan residents. 228 full-time positions are expected to be handed out. “Transformers 5” will also hire 700 extras.

Director Michael Bay, who helmed the first four “Transformers” films, returns for “Transformers 5,” as does actor Mark Wahlberg, who is set to reprise his role as Cade Yeager.

“Transformers 5” is scheduled to hit theaters on June 23, 2017.