Sunday, June 13, 2021

FEATURE FILM SHOOTING IN L.A. STALLS

September 8, 2010 by · Leave a Comment 

Suggesting that the movie and TV industries are not as immune to the recession as some financial commentators have suggested they are, FilmLA, the one-stop clearinghouse for on-location film permits in Los Angeles, said Tueday that on-location feature-film shooting during the past ten weeks fell 9 percent below the same period a year ago. The slowdown was attributed primarily to the drying up of tax credits allocated by the California Film Commission. In all, 30 “projects” were awarded $100 million in credits this year, well below the 77 that received credits last year, the Los Angeles Times reported today (Wednesday).
UPDATE
The CFC has written to us to clarify: “The 77 projects that received tax credit allocations were for two tax years at $100 million per year because the statute permitted the CFC to do two tax allocation years (2011 & 2012) in the first available year (2009) of the program. For the tax year 2013, only 30 projects have been awarded tax allocations because these 30 exhausted the available $100 million in allowable credits for 2013.”