L.A. Mayor Declares State of 'Emergency' as Movie, TV Production Flees Hollywood

Discussion in 'The Bar' started by dawg, Aug 26, 2013.

  1. dawg

    dawg In The Dog House Staff Member

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    [​IMG]

    Liberals fleeing Liberals :jj:

    by Ted Johnson, Senior Editor, Variety
    Source: http://variety.com/2013/biz/news/l-...vie-tv-production-flees-hollywood-1200589182/

    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.

    “I am starting to see people who have never made a feature film in Los Angeles,†Chris Baugh, location manager for Oscar winner “Argo,†which actually shot in L.A., told the small group outside a soundstage. “In fact, they are afraid to. They are concerned that it is too expensive and too difficult.â€

    These days studio chiefs insist that filmmakers they work with take advantage of out-of-state incentives to lower production costs, which on a single major motion picture can amount to savings of tens of millions. Those savings are crucial in a franchise-obsessed era when big-budget movies commonly cost north of $200 million to produce, while on the revenue side the DVD market has largely collapsed and cinema attendance has been generally flat over the past decade. In the current climate, most independent projects would not even be produced without incentives.

    With the rise in the past decade of state tax breaks for movie and TV filmmaking, California, with its own modest incentive program, can’t compete when the bottom line is the sole factor in deciding whether to shoot in the Golden State.

    It is no longer a given that Hollywood is the place where movies and TV shows are produced.

    Continue reading: http://variety.com/2013/biz/news/l-...vie-tv-production-flees-hollywood-1200589182/
     
  2. dawg

    dawg In The Dog House Staff Member

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    Hollywood is dying a slow painful death :jj:
     
  3. acagirl98

    acagirl98 Well-Known Member

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    jesus. and a Toronto mayor was blasted for calling in the army during a paralyzing ice storm :jj:
     
  4. Stew Nod

    Stew Nod Hello VIP

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    Thanks Obama
     
  5. dawg

    dawg In The Dog House Staff Member

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    I hear you get to keep 10% of your pay check in California :jj:
     
  6. Stew Nod

    Stew Nod Hello VIP

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    Corollas rants about LA are the best... Sounds worse than NJ with the taxes and regulatiobs
     
  7. Vdrummer35

    Vdrummer35 Well-Known Member Banned User

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    Even funnier, the porn industry was shut down last week with an "HIV" break out. welcome to California. :facepalm:
     
  8. jaw_belize

    jaw_belize Well-Known Member VIP

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    Right

    Moving from la to Louisiana

    Google it

    You would have never thought it would be possible
     
  9. Napoleon V2

    Napoleon V2 New Member Banned User

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    but..but..muh nice beaches!
     
  10. Lemmy

    Lemmy Douchebag Extraordinaire Gold

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    Canada has an army? :nojj:
     
  11. alittlebitcunty

    alittlebitcunty Well-Known Member

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    As long as you can locate Canada on a map I hear you're well ahead of the average publically-educated American.
     
  12. Scott

    Scott Masshole Staff Member

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    Who cares? Amateur porn is where it's at now. :cheer:
     
  13. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    nothing is worse than NJ.

    well maybe Chernobyl in Russia, but just maybe because Russia has vodka while NJ has Everclear. vodka >> everclear
     
  14. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    practicing to be in amateur porn is where its at now.
     
  15. jokeland

    jokeland Well-Known Member VIP

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    The next Transformers movie is filming here in Chicago
     
  16. Schmoopy

    Schmoopy Shit Mult Hunter

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  17. crazypreacher

    crazypreacher Hey yo

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    Welcome to every business in this shithole. Thanks bay area and socal politicians.
     
  18. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

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    I blame the condom law requiring porn actors use condoms :grad:
     
  19. nserafini

    nserafini Well-Known Member

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    German tax shelters[edit source | editbeta]
    A relatively new tactic for raising finance is through German tax shelters. The tax law of Germany allows investors to take an instant tax deduction even on non-German productions and even if the film has not yet gone into production. The film producers can sell the copyright to one of these tax shelters for the cost of the film's budget, then have them lease it back for a price around 90% of the original cost.[citation needed] On a $100 million film, a producer could make $10 million, minus fees to lawyers and middlemen.
    This tactic favors big-budget films as the profit on more modestly budgeted films would be consumed by the legal and administrative costs.
    That being said, the above schemes are all but gone and are being replaced by more traditional production incentives[6]
    The main production incentive is the German Federal Film Fund (DFFF). The DFFF is a grant given by the German Federal Commissioner for Culture and the Media. To receive the grant a producer has to fulfill different requirements including a cultural eligibility test. The film finance calculator on NRW.GermanFilmFinance.com checks online if the project passes the test as well as it shows the individually calculated estimated grant.
     
  20. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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