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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: see clearly now who wrote (70453)	1/20/2011 2:22:58 AM
From: elmatador	Read Replies (1) \| Respond to of 219152

Government subsidies for film and television productions proliferated in flush times as more than 40 states competed for entertainment work. No big spender has yet pulled out of the subsidy business, though Arizona, Iowa and Kansas have suspended or dropped their relatively small programs. In Missouri, meanwhile, a bipartisan review of all the state’s tax credits recommended that a film incentive be dropped, but no bill has been introduced to do so. That has been enough to send a shudder through Hollywood, where producers have come to rely on taxpayer support for films like “How Do You Know,” “The Social Network,” “Love and Other Drugs,” “127 Hours” and many others. States Weigh Cuts in Hollywood Subsidies By MICHAEL CIEPLY Published: January 19, 2011 LOS ANGELES — Preparing to deliver his first State of the State address last week, Gov. Chris Christie of New Jersey was looking at a $10.5 billion budget gap, a collapsing pension fund and a probable cut in Medicaid spending. “Love and Other Drugs,” with Anne Hathaway and Jake Gyllenhaal, was filmed with taxpayer support. He was also being asked to put money aside for Hollywood. Government subsidies for film and television productions proliferated in flush times as more than 40 states competed for entertainment work. Those subsidies face an uncertain future as new governors and lawmakers, many of them fiscal conservatives, join incumbents like Mr. Christie in trying to balance budgets without losing jobs. Tax credits for Hollywood were recently expanded in Florida and North Carolina but are under fresh scrutiny in states like Pennsylvania, Michigan and New Mexico, all of which have new Republican governors reviewing film subsidy programs that were begun under Democratic predecessors. No big spender has yet pulled out of the subsidy business, though Arizona, Iowa and Kansas have suspended or dropped their relatively small programs. In Missouri, meanwhile, a bipartisan review of all the state’s tax credits recommended that a film incentive be dropped, but no bill has been introduced to do so. That has been enough to send a shudder through Hollywood, where producers have come to rely on taxpayer support for films like “How Do You Know,” “The Social Network,” “Love and Other Drugs,” “127 Hours” and many others. “If you take that away, I think production will leave the U.S.,” a producer, Brian Oliver, said. He is about to leave for Michigan and Ohio to begin shooting “The Ides of March,” a drama directed by and starring George Clooney that follows political campaign operatives on the road to the White House. Mr. Oliver said his Cross Creek Pictures, one of the companies behind “Black Swan,” could not function without public money. nytimes.com