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Author: Glenda Cantrell Publisher: Routledge ISBN: 9781138489684 Category : Motion picture industry Languages : en Pages : 64
Book Description
Entertainment tax incentives are one of the greatest tools in the arsenal of filmmaking. They pay a portion of production expenditures back to the filmmaker, while creating powerful economic engines for the states who implement them properly. They are high in the list of considerations for executives to sign off before a movie receives the go-ahead for production, even to the point of dictating the location of where a production is filmed. Yet, they are misunderstood by the filmmakers who use them, the politicians who create them, the economists who measure them, and even the scholars who study them. This book puts all the pieces together in a comprehensive look at how the entertainment industry works, how it uses incentives, and how incentives can benefit a filmmaker ¿ or a state.
Author: Glenda Cantrell Publisher: Taylor & Francis ISBN: 1351037080 Category : Performing Arts Languages : en Pages : 98
Book Description
Entertainment tax incentives are one of the greatest tools in the arsenal of filmmaking. They pay a portion of production expenditures back to the filmmaker, while creating powerful economic engines for the states who implement them properly. They are high in the list of considerations for executives to sign off before a movie receives the go-ahead for production, even to the point of dictating the location of where a production is filmed. Yet, they are misunderstood by the filmmakers who use them, the politicians who create them, the economists who measure them, and even the scholars who study them. This book puts all the pieces together in a comprehensive look at how the entertainment industry works, how it uses incentives, and how incentives can benefit a filmmaker – or a state.
Author: Glenda Cantrell Publisher: ISBN: Category : Languages : en Pages : 64
Book Description
Entertainment tax incentives are one of the greatest tools in the arsenal of filmmaking. They pay a portion of production expenditures back to the filmmaker, while creating powerful economic engines for the states who implement them properly. They are high in the list of considerations for executives to sign off before a movie receives the go-ahead for production, even to the point of dictating the location of where a production is filmed. Yet, they are misunderstood by the filmmakers who use them, the politicians who create them, the economists who measure them, and even the scholars who study them. This book puts all the pieces together in a comprehensive look at how the entertainment industry works, how it uses incentives, and how incentives can benefit a filmmaker - or a state.
Author: Patrick Button Publisher: ISBN: Category : Tax incentives Languages : en Pages : 68
Book Description
I estimate the impacts of recently-popular U.S. state film incentives on filming location, film industry employment, wages, and establishments, and spillover impacts on related industries. I compile a detailed database of incentives, matching this with TV series and feature film data from the Internet Movie Database (IMDb) and Studio System, and establishment and employment data from the Quarterly Census of Employment and Wages and Country Business Patterns. I compare these outcomes in states before and after they adopt incentives, relative to similar states that did not adopt incentives over the same time period (a panel difference-in-differences). I find that TV series filming increases by 6.3 to 55.4% (at most 1.50 additional TV series) after incentive adoption. However, there is no meaningful effect on feature films, and employment, wages, and establishments in the film industry and in related industries. These results show that the ability for tax incentives to affect business location decisions and economic development is mixed, suggesting that even with aggressive incentives, and "footloose" filming, incentives can have little impact.
Author: Michael H. Salama Publisher: ISBN: 9781558719385 Category : Motion picture industry Languages : en Pages :
Book Description
"... provides a comprehensive analysis of the revenue recognition, basis recovery issues and federal incentives applicable to the media and filmed entertainment industry. This Portfolio begins with an overview of the evolution of film production over time and provides a glimpse into the broadcast and cable network television business. The Portfolio continues with an extensive discussion of tax ownership (and common financing and production transactions) and relevant copyright law guidance and topics. The Portfolio then provides a primer on revenue recognition, addressing common fact patterns and issues associated with theatrical film distribution, home video and sales/returns, and other matters. The section was tailored to frame the subject in a manner useful to various types of content producers, licensors and distributors. The Portfolio also addresses the Extraterritorial Income Exclusion and its relevance to media and entertainment companies. The Portfolio then addresses tax basis topics and launches into an analysis of depreciation methods applicable to production properties, including the amortization of intangibles under [section] 167, the history, evolution and application of the income forecast method of depreciation, the amortization of [section] 197 intangibles and basis recovery for abandoned property (including pre-development costs). This Portfolio also covers in detail [section] 181, a federal incentive designed to deter runaway (i.e., non-U.S.) production, and which provides a current deduction for production costs paid or incurred for qualified film and television production. The Portfolio similarly addresses [section] 199 as relevant to the film production (theatrical, free-TV, pay-TV, home video, etc.) and distribution industry. The Portfolio also addresses the recovery of software development and research expenses (and research credit eligibility) with a similar focus and discusses the manner in which certain production incentives might be accounted for under Generally Accepted Accounting Principles ("GAAP"). This Portfolio closes with a discussion of the pertinent issues involved in the disposition of film assets, which is equally applicable to video games, on-line content, and television content."
Author: Sue Beeton Publisher: Channel View Publications ISBN: 9781845410148 Category : Business & Economics Languages : en Pages : 284
Book Description
Film-induced tourism has the potential to revitalise flagging regional/rural communities and increase tourism to urban centres, however, it carries with it unique problems. This book explores the downside of the phenomenon.
Author: Tina Xu Publisher: ISBN: Category : Languages : en Pages : 49
Book Description
Film production tax credits have become an increasingly common feature of the state tax system. These tax credit programs were originally a response to worries about “runaway production” of films to foreign jurisdictions offering similar incentives. Now, even states with a historical comparative advantage in film production and strong in-state talent and expertise offer sizeable tax credits.This Note will focus on the film production tax credits offered in states with a historical comparative advantage in filming, specifically New York and California. The Note begins by examining the evolution and expansion of the Empire State Film Production Credit and the California Film and Television Production Credit. Then, it compares the current design of these two tax credit programs, and discusses and critiques economic impact analyses used to evaluate these programs. The Note concludes by addressing whether it is advisable for a state with a historically strong film industry to offer a film tax credit, and which tax design features are appropriate for such a state, paying special attention to how a program determines eligibility for the tax credit, whether the credit can be refunded or transferred, and the credit's allocation mechanism.
Author: Randle B. Pollard Publisher: ISBN: Category : Languages : en Pages : 17
Book Description
States continue to rely on tax incentive programs to attract and retain businesses and to grow their economies through increased job creation and private capital investment. Most state tax incentive programs are focused on four major industries: manufacturing, agriculture, energy (oil, gas and mining), and the film industry. The cost of tax incentive programs in forgone revenue or direct expenditures continues to increase yearly as states receive less federal funding yet feel the need to compete with other states to attract and retain businesses. The accountability of these programs - “does the cost of the incentives produce the tax development and job growth promised by the recipient businesses?”, is increasingly questioned as recent reports of failed tax incentive programs that do not produce the promised tax returns can be found throughout the United States. This Article focuses on the success of state tax incentives in the film industry. The industry shares the same issues of accountability as other industries but there are more abuses and fraud reported. States have limited resources and cannot afford costly multi-million dollar tax incentive programs for the film industry that do not produce the promised results. This Article argues that states should reexamine the need for the incentives and curtail their film industry incentive programs according to the likelihood of film production in their state. States that maintain or increase their film industry incentives programs should institute limits on incentives awarded and create more accountability of performance on film industry production companies.
Author: Vicki Mayer Publisher: Univ of California Press ISBN: 0520967178 Category : Performing Arts Languages : en Pages : 162
Book Description
A free ebook version of this title is available through Luminos, University of California Press’s Open Access publishing program. Visit www.luminosoa.org to learn more. Early in the twenty-first century, Louisiana, one of the poorest states in the United States, redirected millions in tax dollars from the public coffers in an effort to become the top location site globally for the production of Hollywood films and television series. Why would lawmakers support such a policy? Why would citizens accept the policy’s uncomfortable effects on their economy and culture? Almost Hollywood, Nearly New Orleans addresses these questions through a study of the local and everyday experiences of the film economy in New Orleans, Louisiana—a city that has twice pursued the goal of becoming a movie production capital. From the silent era to today’s Hollywood South, Vicki Mayer explains that the aura of a film economy is inseparable from a prevailing sense of home, even as it changes that place irrevocably.
Author: Glenda Cantrell
Author: Glenda Cantrell
Author: Glenda Cantrell
Author: Patrick Button
Author: Michael H. Salama
Author: 
Author: 
Author: Sue Beeton
Author: Tina Xu
Author: Randle B. Pollard
Author: Vicki Mayer