California legislators have moved forward on extending the California Film and Television production tax credit for five years beyond its 2020 expiration. The State Senate unanimously approved Senate Bill 951 by a 37-0 vote on Thursday. The legislation continues the current annual allocation of $330 million in tax credits and extends the sunset of the […]
Preliminary statistics from the BLS show that employment in those two industries has dropped to 298,000 in August — marking the first time in the past decade that the number has dropped below 300,000, and representing an 8% decline from 324,600 jobs in August 2013, and a 19% slide from 366,300 jobs in August 2012.
Permits issued for X-rated productions have fallen by 90% since 2012, when Los Angeles County voters passed Measure B in November of that year after a campaign contending that the law would protect performers from outbreaks of sexually transmitted diseases. The porn industry had opposed the measure, asserting that mandatory testing of actors for HIV was effective.
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.