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Movie Production Plummets in Hollywood
Location filming in Los Angeles plummeted 22 percent during the first
quarter, according to FilmLA, the private group that coordinates location
permitting in the area. The group said that it had recorded 1,860 days of
location shooting for movies during the quarter versus 2,386 days during the
same quarter a year ago. In an interview with the Los Angeles Daily News,
FilmLA President Steve MacDonald blamed the sharp decline on runaway
production. "With substantial tax credits and rebates, other states have
been able to lure big-budget films and the jobs and tax revenues that go
with them," MacDonald said. By contrast, California offers no such
incentives, he noted. Jack Kyser, vice president and chief economist of the
L.A. County Economic Development Corp., chastised California lawmakers for
failing to match the economic lures of other states. "The silence out of
Sacramento is appalling," Kyser said. "There are jobs created and tax
revenue generated for the state. I don't know what is going on up there but
it is definitely something that they need to take seriously."
http://us.imdb.com/news/sb/2007-04-27/#3
Location filming in Los Angeles plummeted 22 percent during the first
quarter, according to FilmLA, the private group that coordinates location
permitting in the area. The group said that it had recorded 1,860 days of
location shooting for movies during the quarter versus 2,386 days during the
same quarter a year ago. In an interview with the Los Angeles Daily News,
FilmLA President Steve MacDonald blamed the sharp decline on runaway
production. "With substantial tax credits and rebates, other states have
been able to lure big-budget films and the jobs and tax revenues that go
with them," MacDonald said. By contrast, California offers no such
incentives, he noted. Jack Kyser, vice president and chief economist of the
L.A. County Economic Development Corp., chastised California lawmakers for
failing to match the economic lures of other states. "The silence out of
Sacramento is appalling," Kyser said. "There are jobs created and tax
revenue generated for the state. I don't know what is going on up there but
it is definitely something that they need to take seriously."
http://us.imdb.com/news/sb/2007-04-27/#3