Ingenious Media

Last updated
Ingenious Media
TypePrivate
IndustryInvestment
GenreInvestment and advisory group
Founded1998
Founder Patrick McKenna
Headquarters London, W1
United Kingdom
Key people
Patrick McKenna
(CEO 1998-present)
Number of employees
80
Website www.theingeniousgroup.co.uk

Ingenious Media (styled as INGENIθUS) is a division of London-based Ingenious Capital Management Limited, also known as Ingenious. The company was founded in 1998 by Patrick McKenna.

Contents

Filmography

2000s

YearTitleDirectorDistributorNotes
2004 Millions Danny Boyle Pathé Distribution co-production with Moving Picture Company, BBC Films, UK Film Council and Pathé Pictures
2005 The Mistress of Spices Paul Mayeda Berges Rainbow Films U.S.A. (United States) and Entertainment Film Distributors (United Kingdom)co-production with Balle Pictures, Capitol Films, Isle of Man Film and Spices Productions Ltd.
2006 Borat Larry Charles 20th Century Fox co-production with Four by Two Films, Everyman Pictures, Dune Entertainment, Major Studio Partners, One America Productions, Talkback and Channel 4
Scoop Woody Allen Focus Features co-production with BBC Films, Phoenix Wiley and Jelly Roll Productions
Amazing Grace Michael Apted Momentum Pictures (United Kingdom), Roadside Attractions and Samuel Goldwyn Films (United States)co-production with FourBoys Films, Walden Media and Bristol Bay Productions
A Good Year Ridley Scott 20th Century Fox co-production with Fox 2000 Pictures, Scott Free Productions, Dune Entertainment and Major Studio Partners
2007 Prey Darrell Roodt The Weinstein Company co-production with Anant Singh Production, Videovision Entertainment and Distant Horizon
The Walker Paul Schrader THINKFilm (United States) and Pathé Distribution (United Kingdom)co-production with Kintop Pictures and Isle of Man Film
Live Free or Die Hard Len Wiseman 20th Century Fox co-production with Cheyenne Enterprises and Dune Entertainment
Stardust Matthew Vaughn Paramount Pictures co-production with Marv Films
The Golden Compass Chris Weitz New Line Cinema (United States) and Entertainment Film Distributors (United Kingdom)co-production with Scholastic Productions
Virgin Territory David Leland Eagle Pictures (Italy) and Quinta Communications (France)
2008 Australia Baz Luhrmann 20th Century Fox co-production with Bazmark Films Australia and ScreenWest
2009 Avatar James Cameron 20th Century Fox co-production with Lightstorm Entertainment and Dune Entertainment

2010s

YearTitleDirectorDistributorNotes
2011 Rise of the Planet of the Apes Rupert Wyatt 20th Century Fox co-production with Chernin Entertainment, Dune Entertainment and Big Screen Productions
The Best Exotic Marigold Hotel John Madden Fox Searchlight Pictures co-production with Dune Entertainment, Participant Media, Imagenation Abu Dhabi FZ and Blueprint Pictures
2012 Life of Pi Ang Lee 20th Century Fox co-production with Fox 2000 Pictures, Dune Entertainment and Haishang Films
Ginger & Rosa Sally Potter Artificial Eye (United Kingdom), Universal Pictures (Denmark) and Union Pictures (Canada)co-production with British Film Institute, BBC Films, Adventure Pictures, The Match Factory, Media House Capital, Miso Film and Danish Film Institute
2014 Selma Ava DuVernay Paramount Pictures (United States) and 20th Century Fox (United Kingdom)co-production with Pathé, Harpo Films, Plan B Entertainment, Cloud Eight Films and Redgill Selma Productions
What We Did on Our Holiday Andy Hamilton Lionsgate co-production with BBC Films, Creative Scotland, LipSync Productions and Origin Pictures
2015 Brooklyn John Crowley Lionsgate (United Kingdom and Ireland) and Mongrel Media (Canada)co-production with BBC Films, Telefilm Canada, Irish Film Board, SODEC, BFI, Wildgaze Films, Finola Dwyer Productions, Parallel Films, Item 7, BAI, RTÉ and HanWay Films
High-Rise Ben Wheatley StudioCanal co-production with Recorded Picture Company, Film4, British Film Institute, HanWay Films and Northern Ireland Screen
2016 Miss Peregrine's Home for Peculiar Children Tim Burton 20th Century Fox co-production with Chernin Entertainment, Tim Burton Productions, TSG Entertainment, Scope Pictures and St. Petersburg Clearwater Film Commission
Max Steel Stewart Hendler Open Road Films co-production with Dolphin Films and Mattel Playground Productions
Dog Eat Dog Paul Schrader RLJ Entertainment co-production with Blue Budgie Films, Roxwell Films, Arclight Films, Pure Dopamine and Shanghai Gigantic Pictures
Genius Michael Grandage Summit Entertainment and Roadside Attractions co-production with Riverstone Pictures, Pinewood Pictures, FilmNation Entertainment, Desert Wolf Productions and Michael Grandage Company
2017 Wind River Taylor Sheridan The Weinstein Company (United States) and STXinternational (United Kingdom)co-production with Acacia Entertainment, Savvy Media Holdings, Star Thrower Entertainment, Synergics Films, Thunder Road Pictures, Film 44, The Fyzz Facility, Riverstone Pictures, Voltage Pictures and Wild Bunch
6 Days Toa Fraser Icon Film Distribution (United Kingdom) and Transmission Films (New Zealand)co-production with New Zealand Film Commission, General Film Corporation and XYZ Films
Inconceivable Jonathan Baker Lionsgate Premiere co-production with Grindstone Entertainment, Emmett/Furla/Oasis Films and JB Entertainment
Kidnap Luis Prieto Aviron Pictures co-production with Lotus Entertainment, di B Pictures, 606 Films, Gold Star Films, Well Go USA and Rumble Entertainment
2018 Replica Jeffrey Nachmanoff Entertainment Studios Motion Pictures co-production with Di Bonaventura Pictures, Riverstone Pictures, Company Films, Remstar Studios, Fundamental Films, Lotus Entertainment, 74850 and Global Pictures Media LLC and Ocean Park Entertainment
Adrift Baltasar Kormákur STX Entertainment co-production with Lakeshore Entertainment, H. Brothers and RVK Studios
The Wedding Guest Michael Winterbottom IFC Films co-production with Riverstone Pictures, Stage 6 Films and Revolution Films
Siberia Matthew Ross Saban Films co-production with Elevated Films, The Fyzz Facility, Global Road Entertainment, Summerstorm Entertainment, Film House Germany and Company Films
Backtrace Brian A. Miller Lionsgate Premiere co-production with Grindstone Entertainment Group, Emmett/Furla/Oasis Films, Diamond Film Productions and Highland Film Group
2019 After the Wedding Bart Freundlich Sony Pictures Classics co-production with Cornerstone Films, A Joel B. Michaels Production and Rock Island Films
Blinded by the Light Gurinder Chadha Entertainment One Films co-production with Levantine Films, Bend It Films and Cornerstone Films
Seberg Benedict Andrews Amazon Studios (United States) and Universal Pictures (United Kingdom)co-production with Automatik Entertainment, Bradley Pilz Productions and Phreaker Films
The Informer Andrea Di Stefano Warner Bros. Pictures co-production with The Forest Road Company, Thunder Road Pictures, The Fyzz Facility and Endeavor Content
Triple Threat Jesse V. Johnson Aurora Alliance Films and Well Go USA Entertainmentco-production with Kungfuman Culture Media, Hamilton Entertainment, Arclight Films, FJ Media Group, Gamegoo Pictures, WWE Studios and TF1 Séries Films
A Score to Settle Shawn Ku RLJE Films co-production with Highland Film Group, GoldRush Entertainment, Mind's Eye Entertainment, Paragon Media Production and Saturn Films
The Burnt Orange Heresy Giuseppe Capotondi Sony Pictures Classics co-production with MJZ, Rumble Films, Wonderful Films and HanWay Films
Guns Akimbo Jason Lei Howden Madman Entertainment (Australia & New Zealand), Altitude Film Distribution (United Kingdom) and Andrea Leone Films S. R. L. (Germany)co-production with Occupant Entertainment, Four Knights Film, Maze Pictures, Cutting Edge, The Electric Shadow Company, Umedia, WS Filmproduktion, Deutscher Filmförderfonds, FilmFernsehFonds Bayern, Hyperion Entertainment and New Zealand Film Commission

2020s

YearTitleDirectorDistributorNotes
2020 Resistance Jonathan Jakubowicz IFC Films co-production with Bliss Media, Epicentral Studios, Neptune Features, Panteleon Films, Rocket Science and Vertical Media
Misbehaviour Philippa Lowthorpe 20th Century Studios co-production with Left Bank Pictures, Pathé, BBC Films and British Film Institute
Military Wives Peter Cattaneo Lionsgate co-production with Embankment Films, 42 and Tempo Productions
Inheritance Vaughn Stein Vertical Entertainment co-production with Southpaw Entertainment, Redline Entertainment and Highland Film Group
Endless Scott Speer Quiver Distribution co-production with Summerstorm Entertainment, Film House Germany, Thunder Road Films and Mind's Eye Entertainment
Unhinged Derrick Borte Solstice Studios co-production with Burek Films
The Vanished Peter Facinelli Saban Films co-production with The Exchange and SSS Entertainment
The World to Come Mona Fastvold Bleecker Street co-production with Killer Films, Sea Change Media, M.Y.R.A. Entertainment, Yellow Bear Films and Hype Film
The Duke Roger Michell Warner Bros. Pictures co-production with Pathé, Neon Films and Screen Yorkshire; will be released in the UK on February 25, 2022
Honest Thief Mark Williams Open Road Films and Briarcliff Entertainment co-production with The Solution Entertainment Group, Zero Gravity Management and Samuel Marshall Films
The Stand In Jamie Babbit Saban Films co-production with The Exchange, Flower Films, Polyphemus Productions and Wrigley Media Group
2021 SAS: Red Notice Magnus Martens Sky Cinema and Universal Pictures Home Entertainment co-production with silver Reel, Creativity Capital, Parabolic Pictures, Altitude Film Entertainment, The Electric Shadow Company, J3 Film Finance and Lipsync Productions
Voyagers Neil Burger Lionsgate Films co-production with AGC Studios, Thunder Road, Nota Bene Films, Fibonacci Films, Stillking Films and Freecss Films Limited
JFK Revisited: Through the Looking Glass Oliver Stone Altitude Film Distribution co-production with Ixtlan Productions and Pantagruel Productions
The Protégé Martin Campbell Lionsgate Films co-production with Millennium Media, Fourteen Films, I Road Productions and Campbell Grobman Films
2022 Call Jane Phyllis Nagy Roadside Attractions co-production with Protagonist Pictures, LB Entertainment, Redline Entertainment, FirstGen Content, Our Turn Productions, and RB Entertainment
Living Oliver Hermanus Lionsgate Films & Sony Pictures Classics co-production with Number 9 Films, Film4 Productions and British Film Institute
Crimes of the Future David Cronenberg Neon co-production with Argonauts Productions S.A, Serendipity Point Films, Davis Films, Telefilm Canada, CBC, Bell Media, Ekome and Natixis
Mr. Malcolm's List Emma Holly Jones Bleecker Street co-production with Fís Éireann/Screen Ireland, Refinery29, Untitled Entertainment, Rebelle Media, Blinder Films and Holly Film Production
Joyride Emer Reynolds Vertigo Releasing co-production with Screen Ireland, Embankment Films, and Subotica Entertainment

Upcoming

YearTitleDirectorDistributorNotes
2022 Allelujah Richard Eyre Warner Bros. Pictures co-production with Pathé and BBC Film
TBA Geechee DuBois Ashong STX Entertainment co-production with AGC Studios

Future projects

In 2018, Ingenious Media partnered with Solstice Studios to produce and distribute theatrical feature films. [1]

Tax avoidance case

In July 2014, Ingenious Media was investigated by HMRC for promoting tax avoidance schemes. [2] [3] In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax. [4] The tax bill following his investment in the scheme was cited in the subsequent bankruptcy hearings of the former Liverpool and Republic of Ireland footballer, Steve Staunton. [5] In 2018, a group of more than 500 investors launched a civil case against Ingenious for making false representations [6] which Ingenious had always denied. Ingenious (specifically Ingenious Games LLP, Inside Track Productions LLP and Ingenious Film Partners 2 LLP) lost their appeal against HMRC's initial ruling in June 2019, with the Upper Tribunal ruling that "None of the LLPs were carrying on a trade. None of the LLPs were carrying on a trade with a view to profit." [7]

However, in August 2021 the Court of Appeal overturned the ruling of the Upper Tribunal in respect of Inside Track Productions LLP and Ingenious Film Partners 2 LLP on both the trading and with a view to profit issues. [8]

Related Research Articles

<span class="mw-page-title-main">KPMG</span> Multinational professional services and accounting company firm

KPMG International Limited is a multinational professional services network, and one of the Big Four accounting organizations.

Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal.

<span class="mw-page-title-main">United Kingdom corporation tax</span> UK tax on UK-resident companies and companies with permanent establishments in the UK

Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK.

<span class="mw-page-title-main">Limited liability partnership</span> Partnership in which some or all partners (depending on the jurisdiction) have limited liabilities

A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership under the UK Partnership Act 1890, in which each partner has joint liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Unlike corporate shareholders, the partners have the power to manage the business directly. In contrast, corporate shareholders must elect a board of directors under the laws of various state charters. The board organizes itself and hires corporate officers who then have as "corporate" individuals the legal responsibility to manage the corporation in the corporation's best interest. An LLP also contains a different level of tax liability from that of a corporation.

<span class="mw-page-title-main">Geoffrey Cox (British politician)</span> British Conservative politician

Sir Charles Geoffrey Cox is a British Conservative Party politician and barrister serving as Member of Parliament (MP) for Torridge and West Devon since the 2005 general election. Cox worked as a barrister from 1982 onwards and was appointed Queen's Counsel in 2003, two years before his election to Parliament. He served as Attorney General for England and Wales and Advocate General for Northern Ireland under Prime Ministers Theresa May and Boris Johnson from 2018 to 2020.

<span class="mw-page-title-main">Hambros Bank</span>

Hambros Bank was a British bank based in London. The Hambros bank was a specialist in Anglo-Scandinavian business with expertise in trade finance and investment banking, and was the sole banker to the Scandinavian kingdoms for many years. The Bank was sold in 1998, and today survives only in the name of the private banking division of the French group Société Générale.

<span class="mw-page-title-main">Corporation tax in the Republic of Ireland</span> Irish corporate tax regime

Ireland's Corporate Tax System is a central component of Ireland's economy. In 2016–17, foreign firms paid 80% of Irish corporate tax, employed 25% of the Irish labour force, and created 57% of Irish OECD non-farm value-add. As of 2017, 25 of the top 50 Irish firms were U.S.–controlled businesses, representing 70% of the revenue of the top 50 Irish firms. By 2018, Ireland had received the most U.S. § Corporate tax inversions in history, and Apple was over one–fifth of Irish GDP. Academics rank Ireland as the largest tax haven; larger than the Caribbean tax haven system.

IR35 refers to the United Kingdom's anti-avoidance tax legislation, the intermediaries legislation contained in Chapter 8 of Income Tax Act 2003. The legislation is designed to tax 'disguised' employment at a rate similar to employment. In this context, "disguised employees" means workers who receive payments from a client via an intermediary, i.e. their own limited company, and whose relationship with their client is such that had they been paid directly they would be employees of the client.

There are many ways in which a business may be owned under the legal system of England and Wales.

<span class="mw-page-title-main">Double Irish arrangement</span> Irish corporate tax avoidance tool

The Double Irish arrangement was a base erosion and profit shifting (BEPS) corporate tax avoidance tool used mostly by United States multinationals since the late 1980s to avoid corporate taxation on non-U.S. profits. It was the largest tax avoidance tool in history and by 2010 was shielding US$100 billion annually in US multinational foreign profits from taxation, and was the main tool by which US multinationals built up untaxed offshore reserves of US$1 trillion from 2004 to 2018. Traditionally, it was also used with the Dutch Sandwich BEPS tool; however, 2010 changes to tax laws in Ireland dispensed with this requirement.

Rangers F.C. is a Scottish football club based in Glasgow. They were founded in 1872 and incorporated in 1899, forming the company The Rangers Football Club Ltd.. In 2000, then chairman and owner David Murray floated the club on the stock market which subsequently made the private company into a public limited company (PLC).

A patent box is a special very low corporate tax regime used by several countries to incentivise research and development by taxing patent revenues differently from other commercial revenues. It is also known as intellectual property box regime, innovation box or IP box. Patent boxes have also been used as base erosion and profit shifting (BEPS) tools, to avoid corporate taxes.

<span class="mw-page-title-main">LuxLeaks</span> Financial scandal revealed in November 2014

Luxembourg Leaks is the name of a financial scandal revealed in November 2014 by a journalistic investigation conducted by the International Consortium of Investigative Journalists. It is based on confidential information about Luxembourg's tax rulings set up by PricewaterhouseCoopers from 2002 to 2010 to the benefits of its clients. This investigation resulted in making available to the public tax rulings for over three hundred multinational companies based in Luxembourg.

<span class="mw-page-title-main">Dutch Sandwich</span> Dutch withholding tax avoidance tool

Dutch Sandwich is a base erosion and profit shifting (BEPS) corporate tax tool, used mostly by U.S. multinationals to avoid incurring EU withholding taxes on untaxed profits as they were being moved to non-EU tax havens. These untaxed profits could have originated from within the EU, or from outside the EU, but in most cases were routed to major EU corporate-focused tax havens, such as Ireland and Luxembourg, by the use of other BEPS tools. The Dutch Sandwich was often used with Irish BEPS tools such as the Double Irish, the Single Malt and the Capital Allowances for Intangible Assets ("CAIA") tools. In 2010, Ireland changed its tax-code to enable Irish BEPS tools to avoid such withholding taxes without needing a Dutch Sandwich.

Blairmore Holdings, Inc. was an offshore investment company established by Ian Cameron, father of former British Prime Minister, David Cameron. Following the Panama Papers leak, it was discovered that Blairmore Holdings was a customer of Mossack Fonseca, a large Panamanian law firm and corporate service provider at the centre of an international scandal on tax havens, tax avoidance and corruption.

K2 was an offshore wealth management scheme in which salaries of individuals in the United Kingdom were channelled through shell corporations in Jersey, Channel Islands. In June 2012, media reporting of people using K2 for the purposes of tax avoidance was followed by the United Kingdom's Prime Minister David Cameron characterising the scheme as "morally wrong". Later that year the UK government began to introduce legislation to deter people from using such schemes.

Reid Collins & Tsai LLP is a national trial law firm with offices in New York, Austin, Dallas, Wilmington, and Washington, D.C. The firm represents plaintiffs in complex commercial litigation on a mixed-fee or contingency-fee basis.

<span class="mw-page-title-main">Ireland v Commission</span> Tax dispute involving Apple, Ireland, and the EU

On 29 August 2016, after a two-year investigation, Margrethe Vestager of the European Commission announced: "Ireland granted illegal tax benefits to Apple". The Commission ordered Apple to pay €13 billion, plus interest, in unpaid Irish taxes from 2004–14 to the Irish state. It was the largest corporate tax "fine" in history. On 7 September 2016, the Irish State secured a majority in Dáil Éireann to reject payment of the back-taxes, which including penalties could reach €20 billion, or 10% of 2014 Irish GDP. In November 2016, the Irish government formally appealed the ruling, claiming there was no violation of Irish tax law, and that the commission's action was "an intrusion into Irish sovereignty", as national tax policy is excluded from EU treaties. In November 2016, Apple CEO Tim Cook, announced Apple would appeal, and in September 2018, Apple lodged €13 billion to an escrow account, pending appeal. In July 2020, the European General Court struck down EU tax decision as illegal, ruling in favor of Apple.

Patrick Degorce is a French hedge fund manager, and the founder and chief executive officer (CEO) of Theleme Partners LLP.

References

  1. D'Alessandro, Anthony (2018-10-02). "Mark Gill, Andrew Gunn, Guy Botham & Vincent Bruzzese Launch Solstice Studios; Teams With Ingenious Media On Theatrical Releases". Deadline. Retrieved 2018-11-20.
  2. "HMRC publishes list of suspect tax avoidance schemes". BBC . 15 July 2014. Retrieved 9 October 2014.
  3. Garside, Juliette (19 October 2016). "Taxpayer faces huge bill after Ingenious Media wins case against HMRC". The Guardian . Retrieved 3 July 2021.
  4. http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.html#axzz3FdZXAZp9 (Retrieved 9 October 2014)
  5. "Former Ireland star Steve Staunton files for bankruptcy". The Irish Times . 28 November 2016. Retrieved 3 July 2021.
  6. "Sorry, we can't find that page".
  7. Civil case filing, Bailii.org
  8. "Ingenious Games LLP & ors -v- The Commissioners for Her Majesty's Revenue and Customs". 4 August 2021.