Well well well, I was chuckling all night when a fellow reader forwarded me the following LA Times article entitled Upon review, shine comes off glowing report on film tax credit:
The finding by the L.A. County Economic Development Corp. that California’s film tax credit has been a huge economic boon sounds great until the realization that the MPAA commissioned the study.
Read the whole article and then read a post I made 4 weeks ago on the issue. I’m kinda flattered that many of the same arguments I made in my post are echoed in the LA Times article.
Again what this points out is the ability of the media conglomerates to basically corrupt many of the institutions we consider off limits: government and media. When the bogus LAEDC report came out, so many media outlets across the nation reported it. How many are going to report these findings by the LA Times? Not many.
This isn’t unique to the US. Look at what the studios were able to do in New Zealand. Look at what a conglomerate like News Corp are able to do to the UK government and Scotland Yard.
If Californians want to bring back a significant amount of VFX and film work to California, it would be more cost effective to lobby the US Trade Representative to go to the WTO and eliminate the international film subsidies used by the US Studios.