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Old 12-19-2014, 08:30 AM
 
2,092 posts, read 2,561,392 times
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"In a sure sign Georgia's film business is mature enough to stand on its own, entertainment industry executives are no longer looking to the General Assembly for tax incentives to spur growth..."

Full Story: Georgia reverses course on new tax credits for film work - Atlanta Business Chronicle

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Canada Aims to Take Film and TV Business From Georgia, Louisiana

Canada Aims to Take Film and TV Business From Georgia, Louisiana - The Hollywood Reporter
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Old 12-19-2014, 08:36 AM
 
Location: 98004 / 30327
555 posts, read 453,218 times
Reputation: 880
Quote:
Originally Posted by LynnHarris View Post
"In a sure sign Georgia's film business is mature enough to stand on its own, entertainment industry executives are no longer looking to the General Assembly for tax incentives to spur growth..."

Full Story: Georgia reverses course on new tax credits for film work - Atlanta Business Chronicle

*************************

Canada Aims to Take Film and TV Business From Georgia, Louisiana

Canada Aims to Take Film and TV Business From Georgia, Louisiana - The Hollywood Reporter
Didn't scale the paywall, didn't read the rest of the article. When it says reverses course, what was the plan? Even greater incentives? Or is the state looking to reduce or remove the current incentives?

Thanks for posting this, btw.
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Old 12-19-2014, 08:54 AM
 
2,092 posts, read 2,561,392 times
Reputation: 1085
Quote:
Originally Posted by paris-on-ponce View Post
Didn't scale the paywall, didn't read the rest of the article. When it says reverses course, what was the plan? Even greater incentives? Or is the state looking to reduce or remove the current incentives?

Thanks for posting this, btw.
From what I could read, it looks like the state is not going to increase film tax credit incentives because they don't feel it is needed. However, local studio execs and studio developers want the incentives increased in order to compete with California's new and improved film tax incentive package.

Last edited by LynnHarris; 12-19-2014 at 09:18 AM..
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Old 12-19-2014, 08:56 AM
 
Location: Vinings/Cumberland in the evil county of Cobb
1,256 posts, read 1,108,424 times
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bad move
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Old 12-19-2014, 09:03 AM
 
9,918 posts, read 6,909,650 times
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Tax credits for select industries should instead be lower taxes for all. We shouldnt have government picking favorites.
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Old 12-19-2014, 09:04 AM
 
Location: 98004 / 30327
555 posts, read 453,218 times
Reputation: 880
Ok. Yeah, this could be a bad move. It's way too premature to believe we have the production infrastructure needed to compete with Vancouver and L.A., all else being equal. Vancouver has a 20 year head start on us and if their tax incentives end up as robust as ours, then their only disadvantage is needing a passport. But their advantages are an even better trained, more experienced crew pool and larger production facilities.

If the exodus of production from Hollywood proves anything, it's that no place is safe and there's no loyalty in this industry.
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Old 12-19-2014, 09:27 AM
 
7,711 posts, read 9,545,692 times
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I sure hope some kind of condo developer will be able to make use of the vacant Pinewood Studios in 10 years.
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Old 12-19-2014, 10:02 AM
 
Location: 98004 / 30327
555 posts, read 453,218 times
Reputation: 880
Quote:
Originally Posted by jsvh View Post
Tax credits for select industries should instead be lower taxes for all. We shouldnt have government picking favorites.
I agree with you and I think that's a sound libertarian way to approach things. But the reality is the benefits of film production in Georgia go way beyond the immediate.

Can I appeal to your love of transit? A streetcar does more to improve a city than carry X-amount of people per day, or Y-amount of people per week (I know that in the case of our streetcar, X and Y are currently at zero). But a downtown streetcar isn't worth it if all we're considering are the number of riders. A streetcar also encourages reinvestment in the neighborhood it runs through. Beautification of the road it runs along. New street-level retail, flower boxes in the median, etc.

Many of the productions that film in Atlanta end up being set here also. I can tell you that countless shows and movies have undergone 11th hour rewrites to have the story set in Georgia and showcase local landmarks. This raises our profile, increases our cultural significance as millions of people around the country and millions more around the world watch these shows and movies.

It betters our city brand. Ultimately, that's what we really want. We want to be the subject of discussion nationally and internationally on topics other than the increasingly-outdated canards of crime and sprawl.

L.A. became L.A. in the 20th Century, not because of the movies that were shot there but because of the movies that were set there. Storytellers made good use of specific neighborhoods, otherwise unremarkable landmarks, and the city's local customs. L.A.-centric culture became seared into the collective consciousness of the movie-going public and the city boomed and expanded like mad and industries flourished and so on.

Beyond all of these intangibles though, film production is a complex industry that requires skilled labor. It demands the creation of trade schools. At the end of the day, gaffing is more rewarding than plucking feathers from chickens in some sweaty factory in South Georgia.
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Old 12-19-2014, 10:12 AM
 
28,148 posts, read 24,679,387 times
Reputation: 9544
Sticking it to the man.

Let Georgia compete on the basis of merit not taxpayer funded corporate welfare.
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Old 12-19-2014, 10:47 AM
fzx
 
361 posts, read 359,925 times
Reputation: 244
Good news to me. This is all about opportunity cost we let go by betting on the film industry. Let the market rule.
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