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Hollywood was once just a neighborhood. It was the beating heart of the movie and television production in North America. But over the last two decades, the bright lights of Los Angeles have darken.
This is not for a lack of talent or vision, but because other cities and countries have taken the opportunity and offered better tax incentives to lure the industry.
This exit has hit California hard. In the last few decades, South California have lost thousands of production jobsS These are middle -class workers: SET builders, costume designers, handles, blunders, editors, dining establishments, drivers, camera operators and more. These are Californians who pay state taxes, send their children to local schools and spend their money in local business.
They are the spine of this industry and we leave them to slip away. California cannot risk losing what we have worked for a century to build.
A lot has been said For the Gavrier Gavin Newo’s proposal to Increase the California Tax Credit Program and TV tax Up to $ 750 million a year – and that’s absolutely necessary. But we also need Changes that are suggested in Assembly Bill 1138 and Senate Bill 630S Namely a loan increase to 35% of the cost of more competitively align in accordance with other countries.
In addition, skilled comedies are an important addition. The comedies, which were once mostly sitcoms, captured in the sound stages of Hollywood, are now more likely to be filmed in a single camera-like style and drama style. They can be designed to shoot in places with favorable tax loans.
Example: When I was still in Sony Pictures TV, we The Cobra Kai shoots at the Atlanta suburban – is largely due to the production stimuli in Georgia qualified half an hour of comediesS Ironically, the Reboot television series is inspired by the 1984 feature film The Karate Kid, which was creatively placed in the San Fernando Valley.
California has to go further. Although the issue of incorporating the cost above the line is somewhat controversial, some versions are needed Compete with countries This offers it. The potential solution is to qualify only the large -scale part of the fees paid on the talent above the line. This would decide that several high -paying contractors would allow the production to receive a larger amount than the tax credit fund.
It is also much closer with the fund’s main intention: to qualify basic, large-scale workers.
Any show that shoots California Supports hundreds of jobsS He pumps money in local economies from wooden yards to restaurants, from cars for rent to chemicals. That is why other places have created their own tax credit programs. They acknowledge that production costs are a good economic development policy that generates a return on investment many times higher than the loan. In Los Angeles, every dollar of a tax credit for movies and television is allocated generate $ 1.07 state and local tax revenue and raise local salaries by $ 8.60.
Our crews have endured a lot in recent years: pandemic, two main strokes, a steep And now the last fires in LA. They are impatient for constant, sustainable work.
My wife and I moved to California in 1979 to work in this business. Here we built life, family and future. I want this opportunity to stay for the next generation of Californians. No one should leave California in the pursuit of the Hollywood dream.