Michigan Media Company That Received Subsidy Now Owes Taxes and Rent

Speedshape's offices were vacated in November 2012

A media company that was paid using $1.8 million from taxpayers thanks to Michigan film incentives in 2011 to do post-production work for the movie Spy Kids 4 looks to be out-of-business and has left a series of unpaid bills behind.

Speedshape was trumpeted as a company that would use "Michigan-based talent" while doing the work on the movie, according to a March 31, 2011, press release from the Michigan Film Office. The Weinstein Co. paid Speedshape $4.5 million and was reimbursed for $1.8 million by the Michigan film tax incentive.