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What's the cost of luring or losing film & TV production in LA?

by AirTalk®

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The freshly painted Hollywood sign is seen after a press conference to announce the completion of the famous landmark's major makeover on December 4, 2012 in Hollywood, California. Robyn Beck/AFP/Getty Images

For the past decade and a half, California has seen its position as the center of the global entertainment industry come under siege.

California is losing film and TV jobs as its workers are lent out to states like New York and Louisiana that subsidize production and post-production. New technology is making the relocation trend easier than ever.

A new bill has been introduced by California state lawmakers earlier this year that would expand the state’s film and TV tax credit program. Currently, California provides about $100 million in tax credits a year to film and TV productions.

No monetary figure is attached to the new bill sponsored by Assemblymen Raul Bocanegra (D-Pacoima) and Mike Gatto (D-Los Angeles), but entertainment industry-types want to see a sizable increase that could rival New York’s $420-million program.


Fred Baron, Executive Vice President of Feature Production, 20th Century Fox

Rajiv Dalal, Director, Office of Motion Picture & Television Production Office of Los Angeles Mayor Eric Garcetti

Kathy Garmezy, Associate Executive Director, Government & International Affairs, Directors Guild of America

Joseph Henchman, Vice President, Legal & State Projects, The Tax Foundation

Kevin Klowden, Managing Economist & Director of the California Center at the Milken Institute; co-author of “A Hollywood Exit: What California Must Do to Remain Competitive in Entertainment – and Keep Jobs.”

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