Isn't part of the problem with production leaving LA that modern market isn't really a functional market to speak of? As I understand it, much of the production has gone to places whose legislatures give millions of dollars to studios to shoot movies and TV there. I live in one of those states (MI), and of all the reasons I despise our GOP legislature, cancelling the 43% film incentive isn't one of them. I love movies and TV, I am willing to pay good money to see them, but I am not a fan of directly subsidizing them. It seems to be bad for everyone (except already rich execs) on the balance.I will not mourn a market segment that cannot compete in the modern marketplace... but I will also not pretend that what replaces it will be as good.
The only country that doesn't heavily subsidize its entertainment industry is the United States. There's a reason foreign films are often artier and more high-brow - they don't have to make a profit. I know of three different production companies that went bankrupt when Michigan reneged on its deals.
And one entire municipality who had bet the farm that they would become the production hub. It was terrible, and of course my heart went out to the people who thought they were building something here. But the government can't be tossing 43% at any industry. The theory was that the money would be scaled back as the industry took root, but then the next state just steps up and gives 44%, and you're fucked. Shooting a movie is just a tad more portable than building cars, but the leaders here in all their wisdom seemed to not recognize that. No one is going to stay in town just because they like you. Do you think that the US should be in the business of subsidizing the entertainment industry? I like many foreign films, but I'll take Hollywood over any other movie hub, even if they throw the occasional Gigli at us. Right now, I feel like state governments are boning the industry in their attempts to make short term gains at home. Edit: Don't take my endorsement of the policy as an endorsement of the way it was implemented. I didn't like the film credits much, but a deal's a deal, and the way the GOP just pulled the plug was really disgraceful.I know of three different production companies that went bankrupt when Michigan reneged on its deals.
The problem with film credits is few legislatures have the appetite long-term to make them work. Those that do get a film production industry: New Mexico, Georgia. List industries that the US doesn't subsidize and I'll show you a list of industries that make it up in payola and kick-backs. Honestly? I see it like the Airbus/Boeing debacle: Airbus exists because it is subsidized by the governments of France, Germany and England. Boeing exists because Boeing receives illegal payouts and favoritism in order to stay afloat against a rival that doesn't have to profit. Considering movies are rarely used to kill someone but always used to spread your economic and social ideals, FUCK YEAH we ought to be subsidizing the production of entertainment. If I could make the DHS and the NEA swap budgets I'd do it in a heartbeat. What do you think Hitler looks like without Leni Riefenstahl? How long do the '80s last without Red Dawn and Top Gun? It's all propaganda; the only real question is how directly you fund it.
For sure. Here in MI, we have a giant budget deficit, because the Big 3 were promised tax credits for keeping jobs here during the recession that we can't afford. If not for the incentives, what manufacturing remains would already be overseas. I suppose my problem isn't with subsidizing industry, because of course that happens everywhere, but rather with the race to the bottom that all the states play against one another. Remember the "Texas Miracle" that was basically Rick Perry telling industry that they could treat his state like it were a quarter million square miles of a garbage dump? I loathe that kind of mentality. MI didn't create any jobs when it gave up its money; it stole them from CA. That looks more like looting than economic development to me, and I think it makes us all poorer.List industries that the US doesn't subsidize and I'll show you a list of industries that make it up in payola and kick-backs.