California is fighting to keep its place as the heart of film and TV production. A new coalition of 30+ businesses is stepping up as global production declines and competition rises. ProdPro clients, including The MBS Group, Production Services and Solutions, Hudson Pacific Properties, and Camtec, are among the leaders on the new initiative. ProdPro's data highlights the trends – featured in The Hollywood Reporter: https://lnkd.in/gP3m-s4b
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Economic advantages can be felt all over the state. These not only include a new record of $4 billion in direct spending during fiscal year 2021 in the form of 366 movie and TV productions, but to industries you might not expect!
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The decline of film and TV production in Los Angeles is a multifaceted issue with no easy solution. However, to address this trend, California needs to take several steps. First, it must increase its film tax credit program to be more competitive with other states and countries. This would encourage productions to stay in L.A. by making it more financially attractive. Second, the state should streamline the permitting process and reduce associated costs to make filming in L.A. less burdensome for production companies. Finally, addressing the rising costs of labor and other production expenses in California is crucial. This could involve exploring ways to reduce costs without compromising the quality of productions. By implementing these measures, California can help revitalize its film and TV industry and secure its position as a global production hub.
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There’s a reason why the entertainment industry in Georgia is attracting a record number of productions. With a 20% tax credit, the state of Georgia is sure to attract more studios and new productions in 2025. Click to read recent news from Georgia Entertainment and from Georgia Department of Economic Development. https://lnkd.in/eRMfdqeV #GeorgiaFilmAndTV, #GeorgiaEntertainment, #GeorgiaDepartmentOfEconomicDevelopment
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Film & TV production in NY is adapting to the changing landscape of content creation. Despite a 25% drop in productions compared to 2022 levels, New York is faring better than the U.S. average drop of 40%. The introduction of new facilities and improved pricing, alongside tax incentive increases, are key factors driving this resilience. Check out the details here: [Link to the article](https://lnkd.in/gU6uaWQR)
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NEWS & INFORMATION AS MOVIES AND SHOWS LEAVE CALIFORNIA, NEW COALITION FORMS TO KEEP PRODUCTION IN STATE (By Erik Hayden) The group, comprised of 33 businesses and organizations, is looking to push the narrative that voters in the state also care about keeping the motion picture industry filming in Hollywood. As Gov. Gavin Newsom readies a plan to double California’s film and TV incentive program from $330 million to $750 million a year in tax relief for producers who shoot in the state, a new coalition is forming to lobby aggressively to keep Hollywood in Hollywood. The group, titled the California Production Coalition, comprises 30-plus businesses and organizations including studio operators like Hudson Pacific Properties and Raleigh Studios as well as payroll providers like Entertainment Partners and Wrapbook, film equipment providers and the studios’ main trade org the Motion Picture Association. It launched with an independent poll commissioned that pushes its narrative that voters in the state also care about keeping the motion picture industry filming in Hollywood. And the formation arrives the same day as the California Film Commission touted that it had enticed season two of Apple TV+’s?Bad Monkey?to relocate from Florida with $20 million in tax credits. “The MPA and its members are proud to stand with California businesses to highlight how our creative community can grow its meaningful contributions and build a stronger foundation for film and television production in the state,” said MPA chief Charles Rivkin, who runs the org comprised of members including Disney, Universal, Sony, Paramount, Netflix and Amazon MGM Studios. Kavon Elhami, a coalition member and CEO of Camtec Motion Picture Camera Systems, added "...It is essential that we come together now to ensure California remains the hub of the motion picture industry.” To read the entire article, click on the below link: https://lnkd.in/gP3m-s4b — #FilmIndustry #filmindustrynews #EntertainmentIndustry #entertainmentnews #californiafilmandtvincentiveprogram #filmandtvtaxrelief #californiaproductioncoalition
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There’s a reason why the entertainment industry in Georgia is attracting a record number of productions. Recent news from Georgia Entertainment and from Georgia Department of Economic Development puts the state at the top in the country for productions and studio space.?With a 20% tax credit, the state of Georgia is sure to attract more studios and new productions in 2025. Read the full article: https://lnkd.in/eRMfdqeV #GeorgiaFilmAndTelevision, #EntertainmentIndustry, #GeorgiaDepartmentOfEconomicDevelopment, #TaxCredit
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https://lnkd.in/e-qnctJW So, this article is a little troubling on a number of levels, especially as it relates to the possibility of more labor strikes in the TV and film industries. According to the really well-written and well-researched article by the Atlanta Journal-Constitution's Savannah Sicurella, the International Alliance of Theatrical Stage Employees (essentially, the technical production crew union) and the Hollywood Basic Crafts union don't have deals with the Alliance of Motion Picture and Television Producers. The deadline is the end of July. Plus, there are the broader issues of the trend toward studio consolidation, slate "shrinkage," spiraling production costs, value-seeking via increased reliance on lower-cost unscripted/reality and docu-series productions, etc. Still, we Georgians are nothing if not resilient, and the industry as it exists in this state has weathered many a storm. It still presents a massive value proposition relative to other states with robust production industries, largely due to our aggressive tax credit program, our mature and highly skilled workforce, our varied location settings, our renowned airport, and our vast network of supporting industries. I remain cautiously optimistic that this, too, shall pass. Reach out if you want to discuss any of this. [email protected] #pierferd #piersonferdinand #entertainmentlaw
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Join us for an intensive seminar on how to solve your top 3 filmmakers' problems NOW! Learn how to fully finance your project, work with streamers, and find distribution on Tuesday, June 11th at 6:00 PM. Don't miss out - Link in bio for more details and to get tickets! #Filmmakers #FilmFinance #Distribution #Streamers #SolvingProblemsNow
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New changes to the Location Offset and the Producer Offset are set to boost Australia’s screen industry, benefiting local film and television actors, workers, creatives and businesses ???? The changes include: ? Increasing the Location Offset rebate from 16.5% to 30% for eligible productions to attract more large-budget productions to Australia. ? Introducing a new minimum expenditure threshold for drama series in the Producer Offset so more iconic Australian drama series can access the offset. ? Making sure productions meet minimum training obligations or contribute to the broader workforce and infrastructure capacity of the sector, and use one or more Australian providers to deliver post-production, digital and visual effects. Learn more: tinyurl.com/4kb7ydmh #Revive #CulturalPolicy . . . Screen Australia Screen Producers Australia Ausfilm
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