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Movie Industry

Movie, TV business decamping from Hollywood

Movie, TV business decamping from Hollywood

How much longer can Hollywood claim to be the movie capital of the world? Can the California legislature reverse the slide of film production away from Los Angeles simply by enhancing tax credits for the movie and TV industry or, one day, will the Oscars be presented in Atlanta or Toronto or New Orleans? Such questions grow more pertinent year by year. Lawmakers in Sacramento are even now mulling over a plan that would extend the current $100 million movie industry tax credit program that is set to terminate on July 1, 2017. There is debate about whether the tax deal for filmmakers actually boosts the state...