Florida Gets 5-to-1 Return on TV, Film Incentive Program Dollars, Study Finds
The news out of Florida -- that the state saw a five-to-one return on its film and TV incentives spending -- can be seen as good and bad news for California’s struggling production community.
The bad news is that much of the business that produced those returns -- charted in a study commissioned by the Motion Picture Association of America -- very well might have come from Hollywood. The good news is that the positive results provide more firepower for the coalition of studios, guilds, vendors and local politicians that are pressing California legislators to help stop the ongoing exodus of movie and TV production. Pointing to this kind of return can only help this spring, when California lawmakers will decide whether to extend and expand the state’s tax incentive program, currently capped at $100 million.
Florida Gets 5-to-1 Return on TV, Film Incentive Program Dollars, Study Finds