Some have requested a “talking points memo” on subsidies in case the media or anyone else asks a question.
– Many VFX facilities have been forced to move or have gone out of business because of underbidding exacerbated by government subsidies that drastically distort the price of VFX.
– Last year, the province of British Columbia spent $437 Million to subsidize film production.
– For every $100 paid to a BC VFX worker, the government pays $60 back to the studio. This is not a tax credit, it goes beyond the tax liability. It’s free money for rich US Studios.
– Subsidies violate many international trade agreements and we have hired counsel to challenge them.
– Every impartial study on film subsidies has shown that they do not pay for themselves.
– No matter how successful or efficient our work is, we are ultimately at the mercy of the next government willing to distort prices and put the companies we work for out of business.
– We want to end the race to the bottom so we can compete on a level playing field and begin the race to the top.
Frequent commenter Adrian Mcdonald will be at the demonstration. He is an expert on film subsidies and has been a BEAST on getting the facts out. If you are interested in learning more say hello to him. He’ll be wearing a Film Works hat.