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.

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Showbiz Sandbox 60: Reality TV Doesn’t Kid Around

June 28, 2010

If you are a minor working on a reality television series it turns out there are no child labor laws that protect you. A month long investigation by the Los Angeles Times found  dozens of kids appearing on reality programs without legal safeguards due to widespread uncertainty about how to classify the shows. Times staff writers Matea Gold and Richard Verrier reveal that most of the popular shows had not obtained work permits to employ minors. Gold joins us this week to provide all the details.

It was good news and bad news at the box office. Good news for “Toy Story 3”, which finished in first place for the second week and bad news for Tom Cruise, whose latest movie, “Knight and Day” didn’t open to boffo numbers. If you’d like to place a bet on how much Cruise’s next movie might make, you might never get the chance. The U.S. Congress is set to pass a financial reform bill that would prevent two box office futures exchanges from operating.

The government is also getting involved in the annual Lollapalooza festival in Chicago, and not in a good way. The events promoters was subpoenaed last week for an anti-trust investigation. Turns out the “radius clause” in Lollapalooza’s contract is preventing Chicago night clubs from booking musical acts. Maybe Coachella’s booking rules aren’t so bad after all.

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