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Did EUE Screen Gems receive any sort of government incentive when it set up shop in Wilmington?

Ben Steelman
StarNews
People tour EUE Screen Gems Studios on June 28, 2014.   StarNews file photo

People tour EUE Screen Gems Studios on June 28, 2014. StarNews file photo

EUE Screen Gems “did not receive a single dollar” of incentives from any government entity when it acquired the former DEG/Carolco studios in Wilmington in 1996, nor when it expanded the facility, said Bill Vassar, executive vice president for EUE Screen Gems in the Port City.

When Dino de Laurentiis built the studio in the early 1980s, De Laurentiis Entertainment Group received a “loan facility” worth $100,000 from the Wilmington Committee of 100, the predecessor of Wilmington Downtown Inc.,  said Martha De Laurentiis, the Italian film producer’s widow and former president of DEG.

DEG also received help from the Committee of 100 in opening a relationship with Wachovia Bank, said De Laurentiis, who is now head of the  Dino De Laurentiis Co. (DLLC). That introduction enable DEG to get loans to build the “mini-major” film studio on North 23rd St.

RELATED LINKS:

How does the N.C. film incentive work?

Why are no more films being made in Wilmington (in 2010)?

 

User-contributed question by:
Bob Gelinas

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