Author Topic: Hollywood begs lawmakers for tax breaks to stop the bleeding  (Read 259 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 71,030
  • “It’s easier to fool people than to convince them
Hollywood begs lawmakers for tax breaks to stop the bleeding
« on: February 19, 2014, 06:33:23 AM »
Hollywood Begs Lawmakers for Tax Breaks to Stop the Bleeding

A nearly 50% drop in film & TV employment from 2003 to 2009

 Bradford Thomas |

Hollywood is getting desperate, as the number of film and television productions in the state have shrunk drastically over the last decade.

Taking a lesson from states like Louisiana who have offered large tax incentives to the film industry to grow the economy, entertainment-industry advocate group Film Works has launched a campaign urging those passionate about the film and TV industry to petition lawmakers to increase tax credits to try to stop the bleeding of industry jobs.

Film Works cites a nearly 50-percent drop in film and television employment between 2003 and 2009. This massive loss to the economy (some estimated at over $100k per job), is a stark contrast to states like Louisiana, which has seen film and TV production spending explode by 19,000 percent, from $3.5 million in 2002 to $674 million in 2010.

Each year, billions of dollars in film production spending is enjoyed by California's competitors. Just six locations (Vancouver, Toronto, Louisiana, Georgia, New Mexico, Massachusetts) that offer film incentives captured $3.2 billion in direct production spending in 2010 alone. Historically, much of that spending occurred in California.

The Film Works petition provides a series of startling figures, hoping the data serves as a wake-up call to those who care about the industry and California’s economy. A few highlights:

•In 2003, over 66% of studio feature films shot in California. In 2011, that number had dropped to less than 40%.
•In 2009, the worst year on record, on-location shooting days for feature films in Los Angeles dropped nearly 65%.
•In 2005, 79% of new network one-hour dramas filmed in California. In 2012, only 8% (just two of the 23 new shows) filmed here.
•From 2004-2011, California lost $3 billion in film crew wages to other states and nations offering film incentives, according to Entertainment Partners.
•For many IATSE union Locals in Greater Los Angeles, the unemployment rate is 30% or higher, which is higher than unemployment during the Great Depression.
•According to the Milken Institute, since Canada enacted the first tax credit program in 1997, now copied in roughly 40 states and dozens of nations, California has lost 36,000 jobs as a result.
« Last Edit: February 19, 2014, 06:34:35 AM by rangerrebew »
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim tribute to patriotism who should labor to subvert these great pillars of human happiness -- these firmest props of the duties of men and citizens. . . . reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principles."
George Washington

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
Benjamin Franklin

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo