If you thought that everything that has to do with the movies we see come out of Hollywood all come from the same place, think again. The truth of the matter is that more and more TV and film producers have been moving away from Hollywood – and the state of California, actually – in an effort to save on their expenses for production. It is but understandable, as the taxes in the state are quite notoriously high.
A natural consequence of this mass exodus of TV and film producers is the state’s government effort to stop them from leaving. And what has The Terminator done to do so? He has signed a bill offering considerable tax incentives to those TV and film producers who carry on with their production within the state of California.
If you are thinking that Governor Arnold Schwarzenegger is being a sell out by offering these tax cuts, you just might be wrong. Looking at it from another point of view, the fact is that he just might be doing the state a huge favor. If he didn’t offer these incentives, the state’s losses could very reach $10 billion by the end of the year. The tax incentives, on the other hand, involved $100 million per annum. Now compare those two figures….
The question now is this: “Is the tax program working?”
Apparently it is. According to Amy Lemisch, the executive director of the California Film Commission, she is swamped with calls from producers, directors, and studios, asking about how to keep production in the state. For us viewers, I guess this means “authentic” Hollywood films?