Tuesday, June 18, 2013

The Film Subsidy Bubble: A week of coverage

June 10th to June 16th

Just to give you an idea of activity going on in the United States and territories around the globe... This, a one week sampling of articles regarding film tax credits and film incentives searched via google, and it's not nearly everything, especially outside the US.

I  rummage through for the more meaningful articles to post here, but chasing film incentives news, I can't keep upI thought about compiling weekly links such as this, to all stories related, no way I can keep up though.  And to be honest, this coverage is probably better suited in VFX Soldier's arena anywayI attempt to keep things more focused on news more directly impacting our VFX industry's health.  

Alas, I'm doing it just this once, from this past week, and I even through in a couple articles from the last two days, but as you can see, it seems every state in the nation is clamoring for opportunities to lure filmmakers to their regions in hopes of their own celebrity "Hollywood" status, jobs, and economic stimulus, most often at the taxpayers expense.  This is nothing new, it's been going on for years now, maybe it's normal, I can't say, but I find the level of activity eye opening.

How Did States Create Jobs? (June 14, 2013)

Star Attraction States continue to dole out tax breaks to woo Hollywood producers despite criticism that such programs offer small returns:
  • New York expanded its film tax credit to include live television shows, dubbed the “Jimmy Fallon tax credit,” to attract the new host of NBC’s “The Tonight Show” to relocate from California to the Big Apple.
  • New Mexico made its film tax credit more generous under a measure known as “Breaking Bad” for the popular Albuquerque-based TV show.
  • Maryland tripled the value of its film tax credit after it lured HBO’s “Veep” and Netflix’s “House of Cards” to the state.
  • In Nevada, supporters of a film credit recruited Academy Award winner Nicholas Cage to lobby for them.

1 comment:

  1. After seeing all of your posts. I'm now confident the VFX industry will be completely obliterated through all of these offered tax breaks, etc. Even after film outsourcing and runaway production overseas, whoever is left in and manages to survive in the U.S. VFX industry will be nothing more then a homeless van traveller, working small jobs from city to city, state to state, sleeping under trees and by campfire for the rest of their days. What a waste of talent.