Film Tax Credits Get Panned
North Carolina is close to dropping one of the most extensive programs for awarding tax breaks to film companies, in what would be a high-profile retreat from an arms race among states to lure Hollywood productions.
News
California Hotels are a Hot Investment Again, Study Finds
Nearly 180 California hotels changed hands in the first half of 2013, a 12% increase from the number sold in same period last year, according to a mid-year report by Irvine consulting firm Atlas Hospitality Group.
LA Pilot Production Up or Down, Depending on How You Look at It
Some 96 pilots filmed in the Los Angeles area during the 2012-13 development cycle. That’s four more than last year and second only to the region’s peak cycle in 2004-05, when 102 pilots filmed in L.A. But with a total of 186 broadcast and cable television pilots produced, L.A.’s slice of the pilot pie was just 52 percent—the region’s second-lowest share on record and a steep decline from a record 82 percent in 2006-07.
Honda Center Might be Forced to Keep Workers It Fired
The state Legislature has adopted language that requires Honda Center management to pay hundreds of food and beverage workers for 60 days and then offer to continue their employment.
A River of Cash Runs Through It
While some states are debating whether they should have film tax incentives at all, others are starting to offer cold, hard cash to attract Hollywood production. Montana just joined the ranks of those offering cash benefits to filmmakers.
Film Flight: Lost Production and Its Economic Impact on California
“. . . report outlines recommended steps to help California turn the tide. It also analyzes what other countries and states are doing to attract film production and post-production business. “
California Film and Television Tax Credit Program, An Economic Impact Study
Economic impact analysis of the Tax Credit program
2012 Otis Report on the Creative Economy of the Los Angeles Region
Sixth annual report on the economic impact of creative industries in the Los Angeles Region
The Entertainment Industry and the Los Angeles County Economy
. . . describe the presence of the entertainment industry in the Los Angeles area economy, to estimate the impact the industry has on the local economy, and to identify both the challenges and opportunities facing the industry in the coming years.
Steinberg’s CEQA Overhaul Would Help Sacramento Arena
Senate President ProTem Darrell Steinberg today released details of his effort to overhaul California’s environmental law, including provisions that reduce the likelihood that urban infill projects like Sacramento’s proposed downtown arena would be subject to lawsuits that could stall construction.
Disney Layoffs Announced
Company: Walt Disney Co.CA Net Job Gain/Loss: -150Reason: LayoffCity/Region Losing Jobs: Burbank, CANotes: Layoffs in movie studio division
Disney Lays Off Staff at Game Developer LucasArts
Company: Walt Disney Co.CA Net Job Gain/Loss: -150Reason: LayoffCity/Region Losing Jobs: San Francisco, CANotes: Layoffs in LucasArts video game subsidiary
Cuts Tough for Dreamworks’ Katzenberg
Company: DreamWorks AnimationCA Net Job Gain/Loss: -350Reason: LayoffCity/Region Losing Jobs: Glendale, CA
Cheesecake Factory to Lay-Off 135 Employees
Company: Cheesecake FactoryCA Net Job Gain/Loss: -135Reason: LayoffCity/Region Losing Jobs: Calabasas, CANotes: Layoffs from West Coast bakery operations
Rhythm & Hues to File for Bankruptcy Protection
Company: Rhythm & HuesCA Net Job Gain/Loss: -200Reason: LayoffCity/Region Losing Jobs: Los Angeles, CANotes: Layoffs as part of company bankruptcy filing