Showbiz Sandbox 248: Hollywood Squeezes States For More Tax Breaks
September 9, 2014
California is set to triple their tax subsidies for film and television production to more than $330 million annually in an effort to stem the tide of runaway production to states with larger tax incentives. Richard Verrier of the Los Angeles Times discusses the growing debate over the value of film tax breaks and whether they actually create new jobs, or just shift them to different locations.
There is absolutely no debate over whether this summer’s box office was down from the previous year. However as we explain, comparing year-over-year box office figures is misleading at best and ultimately a fool’s errand.
In an unusual move the rock band U2 will be giving away its new album “Songs of Innocence” to more than 500 million iTunes users for a limited time. Making the release free to download only serves to further underscore where most artists make their money these days; on tour.
Of course, we also cover the week’s top entertainment news stories including the new head of DreamWorks, why it will take a century for anyone to read author Margaret Atwood’s latest work and “The Simpsons” make their way to China.
Are Film Tax Credits Cost Effective?
MPAA’s Chris Dodd Invites Film Commissioners To Summit On Incentives
California Boost: Will Tripling Tax Credits Work?
Box-Office Crash: What Caused Hollywood’s Miserable Summer?
First 4DX Theater in U.S. a Hit with Audiences, Data Shows
Venice: Roy Andersson’s ‘A Pigeon Sat on a Branch Reflecting on Existence’ Wins Golden Lion
U2 Releases New Album for Free on iTunes
Turner’s Michael Wright Takes Top DreamWorks Job
‘Doctor Zhivago’ Musical Coming to Broadway
Larry David’s ‘Fish in the Dark’ to Open on Broadway in March
‘The View’ Taps Rosie Perez and Nicolle Wallace to Round Out Panel
Margaret Atwood’s New Work Will Remain Unseen For A Century
Tom Hanks, Lily Tomlin, Sting to Receive Kennedy Center Honors
‘The Simpsons’ to Air in China for First Time in Pact with Sohu Video
It’s Official: James Corden to Replace Craig Ferguson on ‘Late Late Show’
TiVo to Unveil DVR With 26,000 Hours of Storage Space
AT&T and Verizon say 10Mbps is too fast for “broadband,” 4Mbps is enough
Director Andrew V. McLaglen Dies at 94
Joan Rivers Dies At 81
Seven Broadway Theaters Will Dim Lights for Joan Rivers