Braintree roadblock slows Uber and Lyft

Controversial ride-hailing companies Uber and Lyft are facing another regulatory battle, this time in Braintree, and opponents are hoping there is more to come.

The city's Board of License Commissioners voted Tuesday to have the town solicitor write a cease-and-desist letter telling the companies to stop operating without registering with the city.

"Hopefully it will be the catalyst for other cities­ and towns to enforce their ordinances as well," said Stephen Regan, a spokesman for the Massachusetts Regional Taxi Advisory Group.

Town Clerk and commission chairman Jim Casey said the goal is not to drive Uber and Lyft out, but rather­ to require the companies and their drivers to register as either hackney or livery services.

"The proposed policy would not prevent ride-hailing services from operating within the town boundaries," he said.

Casey said the commission will likely vote on whether to send the letters to the ride-hailing companies later this month. The move would be a first by a municipality in Massachusetts in the ongoing battle over the tech giant, which has attracted fierce opposition from the taxi industry.

Uber spokesman Matt Wing said the move would hurt Braintree residents.

"This action would deny tens of thousands of Braintree residents the increased safety, reliability and value that Uber brings to the transportation ecosystem," he said.

Uber and Lyft have faced regulatory scrutiny throughout the state. Gov. Charlie Baker is moving forward with state regulations and Baker spokesman William Pitman said the administration expects to file legislation in the coming weeks.

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Loss of Cape Wind sinks bid for marine terminal

A major port operator is no longer competing to run the state's New Bedford marine terminal — a $113 million taxpayer-­funded boondoggle — after the Cape Wind project folded.

"They had a good plan with the wind energy and that's really what we were banking on," said Frank Vannelli, senior vice president for commercial and business development at Logistec Corp. "But when the deal fell through, we just stepped back and we said, 'Let's take a look here at how we're spending our resources' and we decided to put it in a holding pattern."

Without Cape Wind as the main terminal tenant, a bid no longer made sense for Logistec, Vannelli said.

Executives with Cape Wind, who are planning to plant 130 turbines in Nantucket Sound, backed out of a two-year, $4.5 million deal to rent the 28-acre terminal after National Grid and Eversource terminated contracts to buy power from the wind project.

State officials have said a new lease is expected to fetch a lower price for the terminal, which is overbudget and months behind schedule.

Vannelli said the South Coast Marine Commerce Terminal could be conducive to smaller vessels with refrigerated goods, such as frozen fish and fresh fruit, because the area isn't optimal for larger container ships.

"Our organization is still very interested in what's going on in the port of New Bedford and I do think it has a role to play," he said. "I don't think that it's realistic to think that any of these smaller-sized ports would attract large container cargoes. The containers will go to the larger ports. They will go to New York. They will go to Boston."

The quasi-public Massachusetts Clean Energy Center plans to name a port operator by summer, but has yet to make public the three finalists.

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Public needs drive plans: Developers think beyond garage lot

Redevelopment proposals for the city-owned Winthrop Square garage feature impressive soaring skyscrapers that would reach new architectural heights in Boston's Financial District, but their mixed uses and public bene­fits are what's garnering kudos.

Plans include retail, restaurant, residential, hotel and innovation economy office uses to bring around-the-clock activity to the square, with other public benefits ranging from an entrepreneur innovation center to a public school.

"What impressed me about many of them were they just weren't about the building," said architect Tim Love, a Utile Inc. principal and Boston Society of Architects president. "They were thinking about Winthrop Square and that whole little neighborhood there, and they had a lot of positive things to offer."

Since the garage is city-owned, public benefits stand to carry more weight in the competitive vetting process by the Boston Redevelopment Authority.

"They certainly like public space," said David Begelfer, CEO of NAIOP Massachusetts, a commercial real estate development trade group. "They like the idea of energizing the ground-floor space. They want to tap into the whole Downtown Crossing and build on that."

How the buildings allow for public connections through long city blocks are among benefits the city should consider, according to Love. And hotel and residential uses — one or both of which are in all proposals — would help the Financial District become a 24-7, live-work neighborhood that would draw in more businesses, he said.

But stacking residential units over offices — as Trans National Properties, Lincoln Property Co., Millennium Partners and Lend Lease Development propose — is easier­ said than done, said John B. Hynes III, CEO of Boston Global Investors.

"There aren't a lot of successful examples," Hynes said. "To stack them vertically is a challenge. We went through that very exercise at One Franklin, then Vornado (Realty Trust) got cold feet on the residential and ... pulled the plug."

Still, he and Begelfer believe Steve Belkin's Trans National — which has had designs on the site since 2006 — has an edge over other teams because it can tie in its adjacent 133 Federal St. property. "We looked at (the site) at length 10 years ago maybe, before it went out to bid and Belkin got it (in 2006)," Hynes said. "It was clear even back then that the best use of that parking garage was to combine it with the Belkin site."

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Seattle CEO to cut his pay so every worker earns $70,000

SEATTLE — A Seattle CEO who announced that he's giving himself a drastic pay cut to help cover the cost of big raises for his employees didn't just make those workers happy.

He's already gained new customers, too.

"We've definitely gained a handful of customers in the last day or two," said Stefan Bennett, a customer relations manager at Gravity Payments, a credit card payment processing firm. "We're showing people you can run a good company, and you can pay people fairly, and it can be profitable."

Dan Price, chief executive of the company, stunned his 100-plus workers on Monday when he told them he was cutting his roughly $1 million salary to $70,000 and using company profits to ensure that everyone there would earn at least that much within three years.

For some workers, the increase will more than double their pay. One 21-year-old mother said she'll buy a house.

At a time of increasing anger nationally over the enormous gap between the pay of top executives and their employees, the announcement received immense attention. But corporate governance professor David Larcker of the Stanford University Graduate School of Business said it's unclear if Price's unusual gesture will start a trend.

"It's an alternative way to think about a tough problem, and I give these guys a lot of credit for laying it out there," Larcker said. "Whether this would scale to a bigger organization, it's hard to know. But it's clever, it's interesting and it's fun to think about."

Washington state already has the nation's highest minimum wage at $9.47 an hour, and earlier this month Seattle's minimum wage law went into effect. It will eventually raise base hourly pay to $15.

Labor unions and workers in the Seattle area on Wednesday joined national protests for better pay. Drivers for Uber and Lyft — the app-based car-hailing services — gathered in Seattle, while airport workers rallied at Seattle-Tacoma International Airport. In Seattle, police arrested 21 demonstrators who opted for civil disobedience to dramatize their point, refusing to move out of an intersection at the conclusion of their march.

Gravity's CEO launched the company from his dorm room at Seattle Pacific University when he was just 19. He's long taken a progressive approach that included adopting a policy allowing his workers to take unlimited paid vacation after their first year.

"I think this is just what everyone deserves," Price told workers in a video of Monday's announcement released by the company.

But he also acknowledged it won't be easy: The increased pay will eat into at least half the company's profits, he said, and he has no plans to simply raise rates on clients.

"It's up to us to find a way to make it work," he said.

Bennett, 28, went to college with Price and has worked for Gravity since graduation. He said he was already happy to work for a company that treats its employees and customers well in what he otherwise considers a predatory industry. For him, the raise will amount to about $10,000.

"I don't care as much about the money," he said. "But if I look at my colleagues, and what they talk about on a day-to-day basis and what their concerns are — just looking at their faces when Dan announced the pay increase, it was pretty phenomenal."

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Biogen, Danish company 
in patent spat worth billions

Biotech giant Biogen is locked in a fight with a Danish company over a crucial patent that protects a nearly $3 billion multiple sclerosis drug.

Cambridge-based Biogen is battling with Copenhagen-based Forward Pharma, and both have filed a patent for treating multiple sclerosis with daily doses of 480 mg of dimethyl fumarate. The U.S. Patent Trial and Appeal Board declared an "interference" yesterday — signalling it will address overlapping patents filed by separate parties.

"It is essentially enormously important to have that protection," said Josh Lerner, a professor at Harvard Business School. "When you look at the price trajectory of what happens when you have drugs go off-patent, you typically get a dramatic drop in terms of price, in your ability to monetize the drug."

Forward Pharma's patent was filed in 2005. Biogen's patent was filed in 2012, and is the basis for Tecfidera, Biogen's blockbuster drug that was responsible for 
$2.9 billion in sales last year.

Still, the filing date of the patent is less important than when the actual invention was made. The PTAB will hold a hearing to determine which company invented the treatment first, and award them the patent.

Catherine Falcetti, a spokeswoman for Biogen, said the company's sales, along with its customers and patients, are not affected.

"Our ability to market it is not impacted, and patients can still get Tecfidera," Falcetti said. "We intend to aggressively defend 
this portfolio."

Forward Pharma's patent has led to the creation of its own MS drug, which is still in development.

"This is a key step in advancing our intellectual property in the U.S. covering the use of 480 mg per day of DMF in MS," said Peder Andersen, chief executive of Forward Pharma, in a statement. "We look forward to the start of the interference proceeding and additional progress with our five other pending patent applications in the U.S. and in Europe covering the 480 mg daily dose of DMF."

Lerner said the dispute will likely not reach a conclusion.

"In many of these cases, there's some sort of settlement reached," he said. "There's some sort of licensing deal and payments made."

Other industry analysts said an acquisition of Forward Pharma by Biogen or other companies is among the potential resolutions.

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Nokia confirms acquisition of French telecommunications company Alcatel-Lucent

Photo by: 

The Associated Press

FILE - This Thursday, Jan. 29, 2015 shows the Nokia head offices in Espoo, Finland. Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent. In a brief statement Tuesday, the Helsinki-based mobile technology concern said the two companies are in advanced negotiations "with respect to a potential full combination which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." (Roni Rekomaa/Lehtikuva via AP, File) FINLAND OUT

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Nokia confirms acquisition of French telecommunications company Alcatel-Lucent

Photo by: 

The Associated Press

FILE - This Thursday, Jan. 29, 2015 shows the Nokia head offices in Espoo, Finland. Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent. In a brief statement Tuesday, the Helsinki-based mobile technology concern said the two companies are in advanced negotiations "with respect to a potential full combination which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." (Roni Rekomaa/Lehtikuva via AP, File) FINLAND OUT

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Asia shares meander as China GDP data disappoints

TOKYO — European shares rose early Wednesday on expectations that European Central Bank chief Mario Draghi will douse speculation over a possible early exit from the ECB monetary stimulus program that is due to last until September 2016. Shares fell in Asia, however, after China reported its economy grew at a 7.0 percent annual rate in January-March, the slowest pace in six years.

KEEPING SCORE: Britain's FTSE 100 rose 0.4 percent to 7,106.24 and Germany's DAX climbed 0.6 percent to 12,299.74. France's CAC 40 gained 0.7 percent to 5,253.07. Wall Street's outlook for the day was mixed, with S&P futures down 0.03 while Dow futures were trading 0.06 percent higher.

EUROPEAN CENTRAL BANK: Despite glimmers of improvement on Europe's horizon, Draghi, the ECB head is expected to tell reporters the central bank for the 19-country region using the euro will stick with monthly bond purchases meant to raise inflation from an anemic 0.1 percent.

THE QUOTE: "Ahead of European trade, we are looking for mild gains in the major bourses," Stan Shamu, market strategist for IG, said in a commentary. He added that "Mario Draghi could make some positive commentary around signs of improvement in the economy."

CHINA DATA: China's economy cooled further as manufacturing and retail sales slowed in January-March, raising pressure on Beijing to keep the world's second-largest economy on track. Growth fell to 7 percent from the previous quarter's 7.3 percent, the weakest performance since it tumbled to 6.1 percent in the first quarter of 2009.

ASIA'S DAY: Japan's Nikkei 225 stock index fell 0.2 percent to 19,869.76. Hong Kong's Hang Seng recovered from early losses, gaining 0.2 percent to 27,618.82 and South Korea's Kospi gained 0.4 percent to 2,119.96. But the Shanghai composite index yoyo'd to end the day 1.2 percent lower at 4,084.16. In Australia, whose resource sector is vulnerable to fluctuations in Chinese demand, the S&P ASX/200 fell 0.6 percent to 5,908.40. Shares in Taiwan, New Zealand and most of Southeast Asia were also lower.

ENERGY: Benchmark U.S. crude rose 75 cents to $54.04 a barrel in electronic trading on the New York Mercantile Exchange. It rose $1.38 to close at $53.29 a barrel on Tuesday. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 57 cents to $60.38 a barrel in London.

CURRENCIES: The dollar rose to 119.57 yen from 119.45. The euro fell to $1.0575 from $1.0648.

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Housing, retail plan submitted for Allston site

A Cambridge firm is proposing to build 138 apartments and 8,000 square feet of new retail space at the site of a longtime bicycle shop in Allston, a project cast as answering Mayor Martin J. Walsh's call for more middle-class housing.

The Eden Properties project is proposed for 89-95 Brighton Ave. and 41 Gardner St., which are listed as contaminated "brownfield" sites, according to documents filed with the Boston Redevelopment Authority yesterday.

"Allston Village is an important neighborhood that can benefit from a new mixed-use residential project that embraces a range of price points," Noah Maslan, one of Eden Properties' principles, told the Herald. "The project will improve an existing brownfields site, expand residential opportunities, enliven the streetscape with ground-floor retail and encourage alternate forms of transit."

For 45 years, the Brighton Avenue site was home to International Bicycle Centers, which closed in January. Eden Properties' filing says its project will "further the goals of the Boston 2030 Housing Plan by creating new housing for Boston's middle-class workforce."

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The Ticker

BRA gets bids 
on garage project

Eight development teams submitted proposals to redevelop the city-owned Winthrop Square garage in Boston's Financial District by yesterday's due date.

The groups are Trans National Properties, Lend Lease Development Inc. and the Hudson Group, the Fallon Co., Millennium Partners, Accordia Partners, Trinity Acquisitions, Lincoln Property Co. and HYM Investment Group, according to the Boston Redevelopment Authority.

The Walsh administration in February issued a request for interest in the shuttered garage's redevelopment even after Trans National Group owner Steve Belkin — who originally planned a 1,000-foot tower at the site in 2006 — had reopened talks with the city about a scaled-down project.

Wage rally planned

Organizers expect thousands of low-wage workers and supporters to rally and march today through Boston as part of the "Fight for $15" movement.

The Wage Action Coalition of union, community, college and religious groups will kick off wage inequality protests set to start tomorrow in other cities here and abroad. The march starts at 4 p.m. on Huntington Avenue near Northeastern University and continues through downtown to Chinatown.

THE SHUFFLE

Blend Therapeutics, Inc. announced the 
appointment of Drew Fromkin as president, CEO and member of the Watertown biopharmaceutical company's board of directors. Fromkin previously served as president and CEO of Clinical Data Inc. until its acquisition by Forest Laboratories.

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Business Protocol: Lying a dangerous quality in workplace

Should Hillary Clinton be worried?

We all tend to embellish the truth, here and there. Some distort the facts. Others straight up lie.

Clinton, a newly declared 2016 Democratic presidential candidate, will face more withering attacks over her version of the truth about her private email server and other past scandals. How she responds may be the difference between winning and losing.

We're all not political candidates, but how you fess up can be pivotal to your career.

So the question is: When is it OK to lie?

Clancy Martin, an author and professor, has said "relationships last only if we don't always say exactly what we are thinking."

We go easy with the truth for altruistic reasons in order to make colleagues feel good, to be polite or to be a team player. Or maybe to just keep the peace.

But outright lies — especially at the highest levels — can be disastrous.

When then-President Richard Nixon said, "I am not a crook," it didn't save him. It wasn't water under the bridge, and history has not been kind to him.

When then-President Bill Clinton said he "did not have sex with that woman" — White House intern Monica Lewinsky — it didn't save him either.

Interestingly Nixon was driven out of office and Bill Clinton hung around and is now one of the highest-paid speakers in the nation. A jaded public, it appears, has come to expect politicians to disappoint.

But if your business is based on credibility and professionalism, embellishing the truth — as Brian Williams did — is a career-killing gamble.

Your reputation is all you have in business. Stretching the truth is part of human nature and maybe some will understand and forgive.

But why risk it?

Brian Williams is asking for a lot, and I'm not sure viewers can move on from his tall tales.

But will voters forgive Hillary Clinton? That question is going to be the story of this election cycle. If she can tell her story with conviction and own up to any stumbles, she'll be the first female U.S. president. That's a tall order.

For the rest of us, your reputation is all you have. Guard it, defend it, preserve it, honor it and others will, too.

Judith Bowman is president and founder of Protocol Consultants International and author of "Don't Take the Last Donut: New rules of Business Etiquette" and "How to Stand Apart @ Work … Transforming 'Fine' to Fabulous!" Email her at Judith@protocolconsultants.com.

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Hearst taps Twitter's Periscope for live-video blast across 18 digital brands

Hearst is latching on to the recent craze for live-broadcasting video apps, with the media company planning to host live feeds on Twitter's Periscope Monday night across all of its 18 magazine and digital brands.

On Monday at 10 p.m. ET, Hearst will stream 18 simultaneous live broadcasts -- each pegged to the theme of "Bedtime Stories" -- on Periscope, promoted with the hashtag "#bedtimestory." The video content will feature editors, personalities and social-media influencers.

Some examples: Cosmopolitan's "resident shirtless hunk" CJ Richards is on board to read kids' classic "Goodnight Moon" while stroking a kitten; Redbook will feature "The Bachelor" season 17 contestant Sean Lowe reading an excerpt from his new book, "For the Right Reasons"; and Elle.com editor Leah Chernikoff will interview plus-size model Elly Mayday about her evening beauty routine.

Troy Young, president of Hearst Magazines Digital Media, said the "Bedtime Stories" stunt on Periscope is akin to "'Tonight Show' meets our magazine brands."

"It's an experiment in live programming," he said. "We're trying to learn about live and broadcast in this particular environment." Hearst is not generating any revenue, per se, from the Periscope broadcasts.

Hearst distributes content across multiple partners, including Microsoft's MSN, Young said. He cited Cosmopolitan's recently launched channel on Snapchat Discover as reaching more than 1 million people per day.

"We are aggressive on virtually every social platform, and (Periscope) is part of that," he said. "It's reflective of our embrace of all kinds of distribution channels."

As for why Hearst opted to go with Periscope, as opposed to upstart Meerkat or another live-broadcasting platform, Young cited Periscope's "intimate connection with Twitter." But, he added: "Obviously it's early in how this market is shaping up." Twitter bought Periscope for a reported $100 million and launched the app late last month.

How regularly Hearst expects to produce live Internet broadcasts in the future remains to be seen, Young said.

Hearst's other Periscope broadcasts set for Monday include: a chef from The Cheesecake Factory preparing a special, off-the-menu cheesecake for the Delish food site; author Benjamin Percy reading an excerpt from his new novel, "The Dead Lands," for Esquire; and Seventeen revealing its May 2015 cover image -- as announced by a puppy.

For February 2015, Hearst had 79.9 million unique monthly U.S. users across desktop and mobile platforms, according to comScore. That puts it in 24th place just behind Conde Nast (80.9 million) and BuzzFeed (81.7 million). The top three U.S. Internet properties for February per comScore were: Google (240.8 million), Yahoo (216.8 million) and Facebook (206.5 million).

© 2015 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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Hospitals eye models to address disasters

Crisis plans that can take hospitals months to develop could be produced in seconds with the right mathematical modeling — cutting out much of the painstaking human analysis — according to Boston professors who hope to incorporate these algorithms into local protocol.

"What these models enable you to do is figure out a complex situation with a lot of interacting factors. The tools help you make the best decision," said Ozlem Ergun, an associate professor in Northeastern's Mechanical and Industrial Engineering department. "Boston is a very specific place, where almost all the big hospitals are research hospitals, so it could really benefit from this kind of thing."

According to Ergun, these systems can determine the most efficient way for hospitals to respond to incidents such as outbreaks of disease, natural disasters or tragedies like the Boston Marathon bombings, which cause an influx of patients concentrated in one area.

"If you're in a situation where many people need access to hospitals, there could be several issues — problems with transportation, congestion due to the number of people, access limitations for security reasons," she said. "There needs to be a plan for things like how to use certain EMS vehicles and where patients should be directed based on their needs."

Ergun, who is reaching out to local hospitals to team up on preparedness efforts, came to Northeastern from the Georgia Institute of Technology in September, and has worked on issues surrounding humanitarian crisis response for organizations including the Centers for Disease Control and Prevention and the Federal Emergency Management Agency.

Jarrod Goentzel, founder and director of the MIT Humanitarian Response Lab, has been using these methods to help West Africa cope with the Ebola outbreak, and said the same approach could be used in Boston to create a central point among its cluster of large hospitals to house supplies needed in crisis situations.

"We have lots of hospitals here. In a panic mode, everyone is trying to procure supplies," he said. "Basic human nature is to hoard and hoard and be prepared. But the more centrally you stock things, the more risk that can cover."

Paul Biddinger, chief of emergency preparedness at Massachusetts General Hospital, said each local hospital conducts a yearly analysis using tools like FEMA flood maps, but that potential coordination among hospitals is not analyzed.

He added that predicting the frequency and severity of pandemics is tricky, and any resources that could shed light on those events "would be of use."

"Anything that will more accurately predict stressors on the system will help us know how to deal with those stressors," he said.

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Activists call for stricter checks of ride-hailing drivers

BOSTON — The Massachusetts Chapter of the National Organization for Women is urging ride-hailing services like Uber, Lyft and Sidecar to come up with tougher background checks for their drivers.

Mass NOW spokeswoman Katie Prisco-Buxbaum said the companies have a responsibility to address safety concerns of women and other riders following reports of sexual and physical violence in the Boston area.

Prisco-Buxbaum said that while no screening is perfect, the companies should begin using the more rigorous methods like fingerprinting or other identification measures for drivers.

In February, Boston police charged an Uber driver with sexually assaulting a 30-year-woman. In December, an Uber driver from Boston was accused of driving a woman to a secluded location where he beat and sexually assaulted her.

The state is weighing new regulations for ride-hailing services.

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Inspector Gadget: MacBook a bit pricy, but lightweight and a beauty

MacBook ($1,299 and up, 
AppleStore.com)

The latest iteration of Apple's full-size notebook computer weighs in at two pounds, is 13.1 mm thin, and has a 12-inch so-called Retina display with edge-to-edge glass.

The good: If you like Apple design, you'll love this MacBook. Available in gold, silver or space gray, it's also got a great new trackpad and a wider keyboard.

The bad: Apple's new MacBook has just one USB port. So if you plan to connect a lot of devices to your laptop, this might not be for you.

The bottom line: If you're OK with just one USB port, this gorgeous Mac's for you.

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Stocks mostly rise as weak China data boosts stimulus hopes

BEIJING — World stocks mostly rose on Monday, with China's index closing at a seven-year high, as a run of weak indicators boosted hopes for stimulus in the world's second-largest economy.

KEEPING SCORE: Germany's DAX was flat at 12,372.99 and France's CAC 40 was up 0.1 percent to 5,243.32. Britain's FTSE 100 was down 0.5 percent. A broader measure of European shares, the Stoxx 600, was at record highs, edging up 0.1 percent from the record close set on Friday. On Wall Street, futures for the Standard & Poor's 500 and Down were both down 0.1 percent.

CHINA'S STIMULUS HOPES: Markets were boosted by expectations that a sharper-than-forecast contraction in March trade increased chances that Beijing will launch additional stimulus to spur slowing growth. Imports fell 12.7 percent from a year earlier and exports declined 15 percent. That added to signs that growth in the first three months of the year, due to be reported Wednesday, might decline further from the previous quarter's 7.3 percent.

THE QUOTE: "The elephant in the room is whether China's deterioration has endured," following softer industrial output and other data in January and February, Mizuho Bank said in a report. "The silver lining is that a softer outcome under disinflationary conditions will allow more stimulus to propel a revival in growth."

ASIA'S DAY: The Shanghai Composite Index rose 2.2 percent to 4,121.71 points, closing above 4,100 for the first time since March 11, 2008. Hong Kong's Hang Seng gained 2.7 percent to 28,016.34 and Seoul's Kospi rose 0.5 percent to 2,098.92. India's Sensex added 0.3 percent to 28,876.49 and Sydney's S&P ASX 200 edged up 0.1 percent to 5,960.30. Tokyo's Nikkei 225 was unchanged at 19,905.46 after briefly passing 20,000 last week.

CURRENCY: The dollar rose across the board as it continued to benefit from expectations that the U.S. Federal Reserve will not raise interest rates as quickly as early expected. It rose to 120.69 yen from Friday's 120.18 yen. The euro fell to $1.0530 from the previous session's $1.0586.

ENERGY: Benchmark U.S. crude rose 61 cents to $52.25 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 85 cents on Friday to close at $51.64.

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Mip TV: Drama dynamizes 2015 market

CANNES - Two big "Ds" - Dramas, Digital - look set to galvanize much Croisette business, as well as multiple conference panels, at next week's Cannes Mip TV, which catches part of the international TV business in the full flush of evolution, convulsed by ramping consolidation - Mip TV will be the first market for new joint venture Endemol Shine Group, for instance - and the ever-clearer emergence of international drama as a serious alternative to US fare.

As the number of high-end drama escalates, competition for top-notch show-runners - mostly based out of the U.S. will become all the more bitter.

Last Wednesday, Amazon Studios aconfirmed Diego Luna to play the lead in its untitled Casanova period drama, exec produced by Electus Ent.'s Ben Silverman and Stu Zicherman. Expect further high-end drama announcements - of epics and event dramas - or first-look talent deals at 2015's Mip TV.

Traditionally, May' L.A. Screenings, and October's Mipcom TV mart, have proved the biggest launchpads for new high-profile dramas. No more. Now Mip-TV looks to have joined the club, as the market launches a Drama at Mip TV forum and a veritable mini tsunami of high-end fiction is set to sweep the Croisette. Just some examples:

*One of the most active of Hollywood studios at Cannes, Twentieth Century Fox TV Distribution's will continue to roll out sales on "Empire," boosted by phenom first season ratings, the best for any regular broadcast drama since 2008, as well as the rave-reviewed "The Last Man on Earth."

*Warner Bros. Worldwide TV Distribution, will be pushing super-hero drama" The Flash," and DC Comics super-villains and vigilantes origin story "Gotham," picked up for SVOD by Netflix.

* With free-to-air broadcasters still seeking semi autonomous episode drama, CBS Studios Intl. will be shopping Patricia Arquette starrer "CSI: Cyber" and sci-fi thriller "Zoo," based on James Patterson's bestseller.

*In Europe, film-TV powerhouse Studiocanal bows its first-ever TV sales operation at Mip TV, led by two Canal Plus Original Series, the Tandem-produced "Spotless," now a Canal Plus hit, and futuristic "Section Zero," from Luc Besson's EuropaCorp, plus Tandem's "Crossing Lines 3," and Harlan Coben's "The Five" from Red Production Company.

*Flagship dramas at Endemol Shine Group include ITV series "The Frankenstein Chronicles," with Sean Bean, and AMC/Channel 4's "Humans" (pictured), an around mid-year bow which is "a relationship story with strong thriller elements" set in a world where robots, called synthetics, have developed human emotions, said Endemol Shine Intl. CEO Cathy Payne.

* At Mip TV, ITV Studios Global Ent. will hold a World Premiere Screening of "Texas Rising," co-produced with A + E, and talk up a rebooted "Poldark," and David Duchovny U.S. crime drama "Aquarius," set for NBC.

*From Germany, ZDF will be pushing pan-European crime thriller "The Team," starring Lars Mikkelsen ("The Killing"), Beta "Line of Separation," set in a Cold War-wracked Germany, and Tele München Group Dominic Graf's "Blender," based on a narcotics cop scandal.

The highest profile Mip TV 2015 keynote speakers look like "Modern Family" co-creator Steven Levitan and Sky group chief exec Jeremy Darroch, who will set out his vision for the push by a pan-European Sky, with now integrated pay TV operations in the U.S., Italy and Germany, into high-end drama.

And one of this year's large highlights will be Mip TV's Intl. Drama Screenings, which range from Starz Worldwide Distribution's ballet drama "Flesh & Bone" to "Follow the Money," from Danish pubcaster DR Fiction, "Deadline: Gallipoli," airing in Australia's Foxtel, and "Versailles," a flagship English-language series at France's Canal Plus.

"Great stories have no homeland," says a The Wit Mip TV study, "5 Drama Trends For 2015," citing the fact that the most-adapted scripted formats in 2014 came from Spain.

Of top fiction formats, CW's hour-long comedy "Jane the Virgin," its first Golden Globe nomination, is now in negotiations with a big German broadcaster. Exec producer Ben Silverman originally sourced it from Venezuela.

Reflecting the spread of series in partners, languages, shoots, setting, beyond its first five English-language skeins Federation Ent. is producing the "Boss"-style "Marseilles" for Netflix and espionage thriller "The Bureau" for Canal Plus, both in French, and co-producing hospital-set "The Replacements" in Finnish and season 2 of "Hostages," a Hebrew-language series, with Israel, Federation Ent.'s Breton said.

For Garaude: "We're continuing to notice a growing notion of market opportunities coming from all around the world. Drama production is thoroughly international and becoming more and more so every year."

For the world's biggest content suppliers, Mip TV remains a multi-purpose mart. "The L.A. Screenings very much focus on new TV series, "At Mip TV, we typically talk to everyone about everything, and what we discuss just depends on the relationship we happen to have with each client that we're meeting with. Conversations may turn on film, series or library content, depending on clients," said Gina Brogi, EVP, Worldwide Pay Television & SVOD, Twentieth Century Fox Television Distribution.

But such, indeed, is the current dynamism of the drama sector, that one large question is where it leaves much else of the TV business.

In the non-fiction format sector, everybody's waiting for The Next Big Thing. "One big hit changes the way the whole market works. When I began my career, I was told that music was dead in primetime, yet you'd be hard pressed to say that now, with 'Idol,' 'The Voice,' and 'Popstars' in major roles in many territories," said Rob Clark, director of global entertainment, FremantleMedia. At Mip TV, FremantleMedia presents new BBC quiz show "Beat the Brain," "10 Questions You Wouldn't Ask On a First Date," and RTL 1 hit "The Most Beautiful Woman," a beauty contest for women of different ages and backgrounds which is "very engaging, about inspirational stories, female empowerment, with potential to be a long-running franchise for a broadcaster," Clark commented.

Endemol Shine Group will be selling talent show format "The Brain," from Endemol Shine Germany, a breakout hit in China, Spain, Italy, Brazil and France, plus human darts challenge "Bullseye," from Endemol Shine North America, which went straight to series at Fox. It will also be talking up "Junior Masterchef," which is now in over 20 territories as well, said Lisa Perrin, MD, Creative Networks, Endemol Shine Group.

Several "important new formats" will be announced during Mip TV, anticipated Garaude. New formats' challenge, said The Wit's Bertrand Villegas, is that the super-formats are not fading fast enough to allow new formats through.

Quite the contrary at times, as Endemol Shine's Perrin points out: Series 11 of "Masterchef" in the U.K. has launched to best-ever ratings; "Masterchef" has hit a 43% peak share in Argentina. In the last five years, there have only been four days in the world where "Big Brother," which is nearly 17 years old, has not been playing, by one estimate at least.

Some producers criticize TV channels' risk aversion. But, said Villegas, "broadcasters are not in the business of innovation but rather airing successful shows."

The problem is many producers wanting to sell their product but broadcasters not having so many slots. There are also semi-Big Things, such as kids' talent shows like Televisa's "Little Giants," re-versioned in Spain, he added.

For Endemol Shine Group's Perrin, "Regarding the Next Big Thing, I feel it's just around the corner, and I'm hoping it's going to come, but it's not there yet."

Digital is there, in contrast, and now shaping the TV landscape, as Mip TV reflects. The MIP Digital Fronts co presence is powering up, with a blockbuster line-up of 15 Digital Fronts partners and showcases, a large rise on 2014, said Garaude. One example: as Chinese appetite for entertainment formats ramps up, one top Mip Formats keynote speaker on Saturday was Yang Weidong, SVP Youku Todou, China's leading online TV co, which has bought "Big Brother" and "The Voice."

Fresh off a $50 million investment from venture capital company Andreessen Horowitz and the creation last August of BuzzFeed Motion Pictures, which he heads up as president, BuzzFeed's Ze Frank will deliver the Digital Fronts keynote along with producer Michael Shamberg ("Django Unchained," "Erin Brokovich").

Other Digital Fronts speakers include Chad Gudstein, CEO of Machinima, the vidgame/fandom-themed digital co, teen YouTube destination channel Awesomeness TV's founder/CEO Brian Robbins, and Andrew Creighton, prexy of print/online publisher Vice Media.

A pumped-up Mip Digital Fronts kick off Tuesday afternoon. For most of Mip TV, however, it is drama that will be making the running. The high-end drama boom is, moreover, no passing fad.

Explaining the ramp-up of serialized drama, "The main key element is the media-technology landscape: Companies -Netflix, Amazon - leveraging premium content to differentiate their offer," said Electus Ent. founder-CEO Ben Silverman, who receives a Mip TV Medaille d'Honneur next Wednesday.

More European telecom giants will enter the TV fiction space, as serialized drama works especially well in an age of view anytime, anywhere, predicted Martin Moszkowicz at Germany's Constantin Film, which rolls this May on English-language "Shadowhunters," based on Cassandra Clares' YA book series, with writer/exec producer Ed Decter ("Unforgettable," "In Plain Sight").

The ramp-up has two large consequences. "The benchmark for drama has gone up. Competition is fierce and you need an attractive package. There's a cost to that. So broadcasters are looking to co-produce, so as to get a bigger budget," said Endemol Shine's Payne.

"Co-production is progressing enormously, becoming more and more important and successful," Garaude added. One 2015 Mip TV centerpiece is Tuesday's Intl. Drama Co-Production Summit; this weekend's Mip Doc featured, for the first time, a European Broadcasters Union Co-production breakfast.

And, currently, high-end drama is one place to be. For Twentieth Century Fox's Brogi: "One of the great things about competition for dramas in the market place right now is that there's something that works for everyone: It's just a matter of finding the right outlet for each piece of content that we make. There is increased demand and it's a great business to be in."

Elsa Keslassy and Leo Barraclough contributed to this report

© 2015 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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Tax Day extra difficult for many same-sex married couples

WASHINGTON — A necessary burden for most Americans, Tax Day is an accounting nightmare for thousands of gay and lesbian couples as they wrestle with the uneven legal status of same-sex marriage in the United States.

They live in a country that recognizes their marriages, but some reside in the 13 states that do not, an issue that will be argued before the Supreme Court later this month.

At tax time, and Wednesday is the filing deadline, it gets complicated because most state income tax returns use information from a taxpayer's federal return.

Straight couples simply copy numbers from one form to another. But that doesn't work for same-sex couples reporting combined incomes, deductions and exemptions on their federal tax returns. These couples must untangle their finances on their state returns, where they are still considered single.

"We're adults, we're contributing to the welfare of society and yet, here's this one thing that just reaches up every year and kind of slaps us in the face," said Brian Wilbert, an Episcopal priest who lives in Oberlin, a small college town in northern Ohio.

Wilbert married his husband, Yorki Encalada, in 2012, at a ceremony in upstate New York. He is filing a joint federal tax return for the second time this year. But Ohio, which doesn't recognize same-sex marriages, requires the couple to file their state tax returns as if they were single.

"It may not be the most burning thing," Wilbert said. "But as we think about equality and marriage equality, this is an important thing because it's part of what couples do."

The number of states that recognize same-sex marriages has grown to 37, plus the District of Columbia, since the Supreme Court struck down part of the federal Defense of Marriage Act in 2013.

After the ruling, the IRS announced that it would recognize same-sex marriages for federal tax purposes, even if couples lived in states that did not.

The Supreme Court is scheduled hear arguments in another same-sex marriage case April 28. Advocates hope the court will compel the remaining states to recognize gay and lesbian marriages.

Opponents of same-sex marriage want the court to send the issue back to the states. They note that recognition of same-sex marriage has spread largely through court orders, rather than the ballot box.

"It's not about the rights of a handful of people who want to change the institution of marriage," said Phil Burress of Citizens for Community Values, an Ohio group. "It's about the will of the people."

The benefits of marriage are a mixed bag when it comes to taxes. Some couples, especially those with disparate incomes, can lower their combined tax bills by getting married. Others pay a marriage penalty.

The vast majority of married couples in the U.S. file joint federal tax returns in which they combine their incomes, exemptions, deductions and credits to calculate their tax liability. But same-sex couples are not allowed to file joint tax returns in most states that don't recognize their marriages. Instead, they have to unravel their finances and file separate state returns.

"So you have this one return that would normally give you the numbers to do your state tax return, but instead you have to split all your incomes again and pretend like you're not married," said Deb L. Kinney, a partner at the law firm of Johnston, Kinney & Zulaica in San Francisco.

"Your health care benefits will be taxed differently and your credits will be different. Your interest deduction could be different, and then you have to go through the allocation on each return," Kinney said. "It's much more expensive and cumbersome."

With the tax filing deadline approaching on Wednesday, states that don't recognize same-sex marriages are dealing with these issues in different ways. Five states require same-sex couples to fill out multiple federal tax returns, sometimes called dummy returns, so they can come up with the appropriate numbers for their state returns. This is how it works in Georgia, Kentucky, Louisiana, Michigan and Nebraska.

First, a same-sex couple fills out a joint federal income tax return, just like any other married couple. This is the return they file with the IRS.

Next, each spouse fills out a separate federal return as if the filer was single. Information from these returns is used to fill out state income tax returns, which are filed as if each was single.

"You have to literally make out five returns and file three," said Scott Squillace, a tax lawyer who wrote a legal guide for gay and lesbian couples called, "Whether To Wed."

"It's dizzying."

There's more.

"If someone with a joint bank account writes a check for a charitable donation, the question is, do you split it 50-50? Or is it that person's deduction when they file a single return?" said Arianne Plasencia, a tax lawyer at the Carlton Fields law firm in Miami.

Kansas, North Dakota and Ohio take a different approach. These states provide worksheets that same-sex couples must complete to separate their finances. In Ohio, the form has 31 lines, though most couples don't need to fill out every line.

"There is no way that I, as a Joe Q. Public, who happens to be gay and in a same-gender marriage, would figure out how to fill this form out," said Wilbert, the Episcopal priest. "I mean, it's just impossible."

Wilbert said he had to hire an accountant to do his taxes for the first time in his life. "I also had to get an extension, which I never had to do."

The issue is moot in South Dakota because there is no state income tax. It's less of an issue in Arkansas and Mississippi because these states don't use information from federal returns on their state income tax forms.

Alabama has same-sex married couples divide the income and taxes they report on their federal returns, based on each spouses' share of their combined income.

Missouri doesn't recognize same-sex marriages, but Gov. Jay Nixon issued an executive order requiring gay and lesbian couples to file joint state tax returns if they file a joint federal return.

This is much simpler than in other states. But what if filing as a married couple causes your taxes to go up?

"For the people it hurts, how unfair," said Janis Cowhey, a law partner at the Marcum accounting firm in New York. "You won't recognize my marriage, but you're going to make me pay more in taxes because I got married somewhere else."

___

Follow Stephen Ohlemacher on Twitter: http://twitter.com/stephenatap

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'Kids can smell fake': 5 insights from marketing pros at the massive summit

The room was buzzing with talk of data mining, viral campaigns and brand trust at Variety's Massive Entertainment Marketing Summit at the Beverly Hills Four Seasons on Friday, which brought together industry experts to weigh in the challenges and payoffs of digital marketing, among other topics. Marketing experts agreed that authenticity is the key for younger consumers. Here's a few other insights from the summit:

1. Kids can smell fake

Scott Birnbaum, Senior VP of marketing and e-commerce at Aeropostale, shared the story of launching a clothing line with YouTube star and social influencer Bethany Mota. At one point the campaign released photos of Mota that, to her fans, looked over-doctored and caused outrage on social media. "I even got a phone call from my daughter who was supposedly in school saying 'What did you do to Bethany?,'" Birnbaum recalled. Using this anecdote, Birnbaum emphasized the mantra that kids can smell fake. "Eventually, a single tweet that said 'Hey, we think Beth is beautiful too. It was a mistake. It's going to be fixed in 20 minutes,' made everything calm down," he said.

Moderator Jeetendr Sehdev, a celebrity branding authority, read from a study commissioned by Variety that found U.S. teens view YouTube stars to be 90 percent more authentic than traditional celebrities, 17 times more engaging and 11 times more extraordinary.

Mota, who was also on the panel, said that her philosophy relies on honesty and brand trust. "I will never talk about something or promote something that I don't actually use and that I don't care about because with the relationship being so strong between the creators and viewers, they can see when you don't truly like something. As long as you're honest and truthful then that's what builds that relationship. And the stronger that is, the more they're going to listen to what you say," she said.

2. Focus on the content, not the demographic

In a spotlight conversation with Movio CEO Will Palmer about how theaters and studios use data to target audiences, Palmer suggested gender and demographic info may be an old fashioned way of approaching an audience -- "assuming that somebody, the day they turn 36, is no longer going to be interested in 'The Avengers.' These films cross all quadrants and cross all segments. So sometimes you have to ignore the demographic information and start looking at the comparable titles. If you focus more on the content and less on the demographic, you'll likely get a better result," he said.

3. Help consumers discover what they want without being intrusive

Hulu's head of marketing, Jenny Wall and Facebook's global head of entertainment strategy Jim Underwood discussed the potential hazards of data mining and targeted advertising. Wall pointed out that consumers want to feel like they're discovering new things, but they need help because there is so much available. In order to give people what they want without creeping them out, Hulu uses a combination of algorithms and staff-curated lists. Wall also said when Hulu advertises on Facebook, the combined data is extremely valuable. "Facebook data mixed with Hulu data is the most amazing goldmine of data possible. And it actually is not really intrusive because they don't really understand, I think, that we're doing that... We have a thousand ads, and in real time we're quickly optimizing and shifting to serve the right ad and the personalized ad to the right person."

4. Embrace fan-generated content

Sima Sistani, head of media at Tumblr, explained her thoughts on how content producers can improve their digital presence, saying that fans will create opportunities. "You have fandoms out there who are taking the best moments from a movie or show and creating episode recaps or pulling out the best moments into gifs and even creating fan fiction and fan art," she explained. "One of my favorite things that I saw was the bacon and eggs version of the characters of 'Parks and Recreation.' If the 'Parks and Rec' Tumblr re-blogs that, it's so meaningful and that fan is just going to get more engaged and more excited."

5. Fail, fail fast and move on

Jill Hotchkiss, VP of marketing and creative at Disney XD shared the mantra "fail, fail fast and move on" which she uses when brainstorming ways to connect with a younger demographic. "You have got to try new and try different," she said. "We need to figure out how to be a kids space and do it in a different way when there are a lot of restrictions for us."

Caty Burgess, VP of media strategies at the CW, used an example of how her network has tried as many avenues as possible in order to be on the cutting edge of marketing. "Our first mobile campaign was little sticker mirrors you could put on the back of your cellphone for 'Gossip Girl.'"

The research team at a network is largely responsible for determining what will work, but beyond that there is still plenty of uncertainty when pitching a new idea, explained Jamie Cutburth, senior VP of marketing at Bravo and Oxygen. "That 50 percent of the unproven part is the culture and it is the risk-taking," he said. "It's very difficult because you're going to make sure that it hits every button or it's not going to move forward. But that's why we're able to do a lot of great stuff."

© 2015 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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IFF Panama: Central America on the right track for growth

PANAMA - As the leaders of the Americas, including U.S. President Barack Obama, meet in Panama City for the seventh Summit of the Americas, they will be all too aware that it is the economies of Central America that are leading growth in the region. And, according to a report published on Tuesday (April 7) by the United Nation's Economic Commission for Latin America and the Caribbean, Central America will continue to lead the way in 2015 with Panama, with an expected 6 % increase in GDP over the coming year, at the forefront.

Central America, which consists of seven countries (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), is also on the right track for growth in its theatrical movie market, according to Luis Vargas, Managing director of Rentrak for Mexico, Caribbean, Central America, Colombia and Venezuela.

"Central America is a region that you can consider as one country, one big country," Vargas explains. "It is a region that is growing very, very fast because of the amount of cinemas being developed. In the past three-or-four years the percentage increase in new cinemas has been at least 5% per year. A very good number, especially if you consider this compared to other regions of the world. It tells you that as an economy, it is a region that has potential for the future due to investment and the possibilities in this market."

The region, which is estimated to have a combined population of around 43 million, 3.6 million of which are in Panama, is also undergoing consolidation and modernization with old theatres making way for new, and many existing screens being digitalized and fitted with better, more modern and comfortable seats. All these elements have helped the growth of admissions and grosses.

In 2014, according to Rentrak, Central American cinemas grossed $107,184,606, up from $ 104,553,755 in 2013 and $ 94,814,293 in 2012: Growth of about 13% in two years.

There were 93 performing theatres in all of Central America in 2012, and 96 in 2013 and 2014, but, as Vargas explains: "In 2014 a lot of the existing cinemas were modernized. In 2015 we are expecting several new cinemas to be opened and less cinemas to be closed. For example, this number of 96 would suggest that no cinemas opened in the entire region, however, this number is the final total after taking into consideration the older cinemas that were closed."

In screen terms, the region has seen an increase from 489 in 2012 to 503 in 2013, and 507 in 2014. Again these are final numbers after taking in to account the closing of older screens and the opening of more modern, digitalized screens.

"Now that the digitalization is much more advanced, also by the independent exhibitors, we will see a decrease in the number of cinemas that are being closed due to economic factors, and more cinemas will be opened", Vargas adds. "We are expecting at least two new cinemas in Panama, and both are to be high end multiplex cinemas."

Across Central America in 2014 the highest grossing movies were all studio blockbusters. In order they were "Transformers: Age of Extinction," "Rio 2," "Maleficent," "The Amazing Spider-Man 2," "Captain America: The Winter Solider," "The Hunger Games: Mocking Jay - Part 1," "X Men: Days of Future Past," "The Hobbit: The Battle of Five Armies," "How to Train Your Dragon 2," and "Guardians of the Galaxy."

In Panama, the top ten for 2014 were "Transformers: Age of Extinction," "Rio 2," "Maleficent," "X Men: Days of Future Past," "Captain America: The Winter Solider," "The Amazing Spider-Man 2," "The Teenage Mutant Ninja Turtles," "Dawn of the Planet of the Apes," "The Hunger Games: Mocking Jay - Part 1," and "Annabelle."

Locally made films, however, have started to make an impact on the commercial cinema circuit in Central America, most notably Miguel Gómez's "Maikol Yordan" ("Maikol Yordan de Viaje Perdido"), an adventure, drama from Costa Rica that will open in Panama on May 14 following its international premiere at IFF Panama on April 13.

In Costa Rica. the film grossed $1,080,511 in 2014, and now has an accumulated gross of $3,528,104 since its Dec. 18 bow.

In Panama four local productions made their mark commercially in 2014. They included "Invasion" ("Invasión"), the country's first Oscar submission for the foreign-language category, "Historias del Canal", "Breaking the Wave" ("Rompiendo la ola") and "Reinas." All of which have played the IFF Panama.

The films, according to the Panama Film Commission, are just four of 13 features to be produced in Panama since 2012, and that compares with just three local productions completed between 2007 and 2012 and two between 2001 and 2007.

Vargas believes one solution for the growth of the local Central American film industry will be for governments to invest in art house cinemas.

"Gvernments should create alternative spaces of exhibition that are focused to exhibit product where the main goal is not to make money, but to promote art, or to promote a message," argues Vargas. "Otherwise, lower-budget films will be lost in the huge space of exhibition, and create unnecessary frustration for their producers.

"Why does a movie have to be exhibited on a commercial circuit?" he asks. "I believe that the only countries that have supported this type of circuit are Mexico, Brazil and Argentina. Mexico has one of the highest capacities when it comes to these alternative exhibition spaces that are controlled by the government and that give low-budget films a space in which to be exhibited. We have to understand that the filmmakers can't do this on their own. It has to be a synergy, like team work, and the key people in the local film industry must ask their governments for the money for new cinemas, for the spaces in which to see their own local product."

The heads of those governments have all been meeting in Panama this weekend where the theme of their Summit of the Americas has been "Prosperity with Equity: The Challenge of Cooperation in the Americas," a theme and a challenge that is equally on the minds of filmmakers across Central and South America as they look at ways to share screen time with the Hollywood blockbusters that remain popular with the growing theatrical audiences across the region.

© 2015 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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