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Runaway Production

All articles tagged with #runaway production

Voight-led coalition unveils $250B economic case for federal film tax credit
business27 days ago

Voight-led coalition unveils $250B economic case for federal film tax credit

A new coalition led by actor Jon Voight has launched a major lobbying push for a 20% federal tax credit for film and TV production. Backed by a new study from the Motion Picture Association (MPA) projecting $250 billion in economic impact and 143,500 jobs, the effort aims to reverse the trend of productions moving overseas. The initiative follows President Trump’s August endorsement of the measure and seeks bipartisan legislative action before the midterms.

via The Hollywood Reporter|
#business#federal-film-tax-credit#hollywood-lobbying
LA loses Hollywood’s crown as productions flock to cheaper hubs
business1 month ago

LA loses Hollywood’s crown as productions flock to cheaper hubs

California’s film and TV tax credits increasingly fail to attract projects, as productions relocate to cheaper hubs like Canada, Georgia, the U.K., and Ireland due to higher costs and bureaucratic permitting in L.A. The trend, accelerated by the pandemic and writers’/actors’ strikes, has shaved thousands of local jobs and left many studios and post-production firms shuttered, even as expanded incentives introduced in 2024–25 show some signs of revival. A few series (e.g., The Pitt, Fallout returning to L.A. with California credits) hint at a partial rebound, but the industry’s center of gravity continues to move away from Los Angeles and California toward broader global options.

via Los Angeles Times|
#business#film-incentives#hollywood-north