Earlier this month, it was revealed that Paramount's upcoming action sequel Transformers 5 will start production this May, with the studio already setting a June 23, 2017 release date. No shooting locations were revealed at the time, but today, Variety reports that shooting will take place in Detroit, with the Michigan Economic Development Corporation revealing that the sequel was awarded $21 million in state incentives for shooting in Michigan. Here's what Jenell Leonard, commissioner of the Michigan Film & Digital Media Office, had to say in a statement.
"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. The production and economic investment is now happening sooner rather than later, and obviously, the project is a certainty rather than merely a possibility."
The state legislature abolished the filming incentives program in July, but Paramount already entered into agreements with the state for Transformers 5, so those requests must be honored. The state modified the agreement which combines incentives from other projects that haven't started shooting yet, putting them all into this amended agreement for Transformers 5.
Transformers 5 is expected to bring in $80 million which will be spent in the state, creating jobs for 850 cast and crew members, 450 of which will be Michigan residents equating to 228 full-time positions. The production also expects to hire 700 extras. The amended agreement between the film office and Paramount reallocates dedicated funds and meets all criteria for a qualified production in terms of expenditures and personnel hired in Michigan. Here's what Lee Rosenthal, president of Physical Production at Paramount Pictures, had to say in his statement.
"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 had multiple preapproved applications with the Film Office, representing a total of approximately $42 million in eligible incentives. The Transformers 5 filming takes half the incentives already allocated for Paramount projects. The remaining $21 million will be returned to the state general fund at the end of the fiscal year. Art Marcum & Matt Holloway (Iron Man) are writing Transformers 5, which will bring back Transformers: Age of Extinction star Mark Wahlberg as Cade Yeager. What do you think about Transformers 5 starting production in Michigan this summer?