Posted on 07/06/2025 6:50:18 AM PDT by vespa300
Standing at a movie studio in Burbank, Gov. Gavin Newsom on Wednesday formally unveiled a $750 million expansion of California’s film and television tax credit program, part of a push to keep Hollywood production at home and boost local jobs.
(Excerpt) Read more at dailynews.com ...
Hollywood needs to pay their fair share.
Too little too late.
More tax breaks for the rich!
Without tax help it would die cuz lots are sick of their product and they are going broke.
So it's not capitalism driving Hollywood, it's communism driving Hollywood.
Yeah, I guess it works like this. Lower taxes boost jobs but only in the Hollywood industry.
This principle apparently doesn’t work in other industries.
What clowns.....and the people who vote for them? Suckers.
So a state that is running a huge deficit in the amount of many billions of dollars is now handing off another 3/4 of a billion dollars to Hollywood. It’s kind of funny that the only industry in the state that deserves lower taxes is Hollywood. And probably some of the wacko green energy projects. The rest of the productive Industries can all go to hell.
The land of fruits, nuts, and the criminally stupid.
Because the Weinstein brothers need tax breaks.
Like labels on food Hollywood should have to show the public how and were the funding for their silly films comes from like the tax credit, money from the CCP and other places.
Well with the crap movies and TV they produce it’s a total waste
Got to make more of those “Woke’ films that hardly anyone wants to see....
Got to make more of those “Woke’ films that hardly anyone wants to see....
The land of fruits, nuts, and the criminally stupid.
/
OR
The land of lefty DOMINION over the election process.
Genuine legal
California citizens are overwhelmingly blood red conservative.
.
/sarc
$750M in the film world is pennies.
There’s a dozen other states with robust film commissions and apparatus to compete with CA for film production. Hollywood is an old dry bathtub with crusty orange gray rings in it.
Hollywood is realizing what can be done with A.I.
Actors/actresses and large studio stage buildings will go the way of the Dodo bird and buggy whip.
Personally I’m looking forward to the new John Wayne movie once the rights to use his persona are agreed to by his estate.
Will be great to see so many of the Old Hollywood greats again.
Cagney, Bogart, Flynn etc..
But then I remember this is Holyweird and probably screw it up. But then again no. All that is needed is the first AI movie with a bygone great to be a big success. Then the estates of past greats will be clamoring to get on the band wagon. We may see a second “Golden Age” of Hollywood.
Sounds like socialism to me, taking from the proletariate to support the few. If studios and TV companies can afford to put out woke crap nobody wants to watch they can afford to pay their people without me being robbed.
You nailed it.
But how much is the 3/4 Billion Dollars worth to the economy? And will other industries ask for a similar tax credit?
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