Real movie drama over tax credits
BATON ROUGE- The fight over production locations could become as dramatic as the films themselves since California is ready to try to keep cameras in Hollywood.
The LA Times reported the governor of California signed off on a deal to triple the funding for movie tax credits. It will likely swell to $330 million.
In the last few years, producers have moved productions to other states, including Louisiana, where they get more bang for their buck. According to the Bureau of Labor Statistics, California has lost more than 16,000 film and television jobs and more than a billion dollars in wages.
"The incentive programs here, and in a lot of other states, have taken a lot of the independent productions out of California and to the incentive states," Eric Davies, a film producer who worked in Hollywood for more than 30 years said in an interview recently. "A lot of those people left Hollywood in a mass exodus to try and stay employed."
The California State Senate is expected to give final approval to the increase in money soon.
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