ONE MORE NOTE These are brokered tax incentives. That means it is TAX BREAKS to the film industry that are in returned brokered to the local vendors. Its not as simple as being handed a $27 million dollar check.
Hassel 9 I agree and disagree with you. Without the entertainment business - Your Tuesday night would be boring indeed. Entertainment is a HUGE business. Do you realize that Simple things such as Rock Band and Guitar Hero made over $900 Million last year. How many widget companies can do that? And for many of us - Movies and TV shows are escapism for every day reality. And the price to escape from the financial woes, stresses from work is just $7.50.
I work for the Film Industry in Texas and Louisiana. These tax incentives are used to get work in the State. Without the incentives the production would have filmed in Los Angels or Toronto or Mexico - taking with it equipment rentals, catering, hotels shopping, and jobs. All of these items in return are taxable back to the State through income and sales tax. In the past 3-5 years Louisiana has gone from $50 million a year to $400 Million a year in filming as a direct result of the incentives. Texas on the other hand has LOST that business to Louisiana because it cannot match those incentives. In the end - the state will take in much more than it puts out. If the budget is $127 Million - much of that money will boost the economy, jobs and taxes to the State. (Remember Brad and Angelina own a very expensive house and pay very nice taxes to the state.)
These are brokered tax incentives. That means it is TAX BREAKS to the film industry that are in returned brokered to the local vendors. Its not as simple as being handed a $27 million dollar check.
I agree and disagree with you. Without the entertainment business - Your Tuesday night would be boring indeed. Entertainment is a HUGE business. Do you realize that Simple things such as Rock Band and Guitar Hero made over $900 Million last year. How many widget companies can do that? And for many of us - Movies and TV shows are escapism for every day reality. And the price to escape from the financial woes, stresses from work is just $7.50.
:)