Tuesday, November 12, 2013

How to expand the credit to include movies with budgets greater than $75 million

Lawmakers Call on Hollywood to Refine Message in Push for Production Tax Credits | Variety

Los Angeles Mayor Eric Garcetti and his “film czar,” Tom Sherak, gave what amounted to pep talk to an audience of entertainment industry labor officials and Hollywood small business executives pressing lawmakers to do more to stem production flight from the city.  “We’re going to go up to Sacramento and storm that place like we never have before,” Garcetti told the crowd gathered at the Loews Hollywood Hotel for the Hollywood Chamber of Commerce’s State of the Industry Conference on Tuesday. Garcetti said that what was at stake was the capturing of employment from the “second incarnation of this industry.”  Sherak, recently appointed by Garcetti as his director of the office of film and television, told the crowd that there is momentum to “reverse” the trend of production leaving to other states. He officially started his job at City Hall last week.  “Someone once said, ‘We have awoken a sleeping giant.’ That is what this mayor has done.”

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