The Conservative Cave
Current Events => Economics => Topic started by: bijou on August 27, 2013, 12:49:11 AM
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Los Angeles’ new mayor has vowed to help stanch the flow of film and TV production jobs out of Hollywood, starting with the appointment of a film czar at City Hall. But to make a real difference, Eric Garcetti needs to convince skeptical state pols to combat the lure of rich tax incentives from outside California.
Two days after this year’s Oscars, Hollywood’s councilman Eric Garcetti, then running for mayor of Los Angeles, staged a media event at Sunset Gower Studios.
Only a smattering of reporters and photographers showed up, perhaps because the gathering was to address “runaway production,†a buzzword that means little for those outside the industry and, for insiders, is a timeworn term for a chronic, unresolved problem alongside piracy and studio accounting.
But Garcetti, a series of location managers and other crew workers who spoke in late February tried convey a message of urgency: Hollywood’s homegrown industry is being ceded to other states and countries whose favorable tax credits are increasingly luring away movie and television production at an alarming rate. As competition both in the U.S. and abroad continues to grow, the state’s market share and longtime stronghold on production jobs and spending are fast evaporating. ...
http://variety.com/2013/biz/news/l-a-mayor-declares-state-of-emergency-as-movie-tv-production-flees-hollywood-1200589182/
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Making movies is like any other business. If the taxes are too high, they will move somewhere cheaper.
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Making movies is like any other business. If the taxes are too high, they will move somewhere cheaper.
This has been going on for years. Too little too late. Whatever concessions they make still wouldn't be enough.
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Wilmington NC and other small towns in the Carolinas welcomes them. They're trying to start a film studio in a large abandoned mall in Charlotte NC.....biggest holdup I think is zoning.
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This has been going on for years. Too little too late. Whatever concessions they make still wouldn't be enough.
It's how Hollywood came to be in the first place: movie studios were set up in Commiefornia because it was far enough from Menloe Park that Edison would lose at least as much trying to collect royalties from his invention of the moving picture film system (camera and projector), as he would ever get by siccing his lawyers on the studios.
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Making movies is like any other business. If the taxes are too high, they will move somewhere cheaper.
Lesson; Don't do as Hollywood says, do as it does! Isn't that all about the politics of the "elite"? They haven't produced a decent movie in years anyway.