FXGuide’s Jeff Heusser conducted an interview with PKR attorney David Yocis. You can listen to it here. They go over last week’s release of the feasibility study which is their prescription on how to fix the problems caused by VFX subsidies. To reiterate:
- International subsidies that injure domestic industries can be challenged in the International Trade Court.
- The injured domestic industry must organize to advise the law firm.
- If the court finds the domestic industry is proven to be injured and has standing, they are obligated to allow the use of countervailing duties on the imports to discipline the subsidies.
- A countervailing duty is a payment made by the producer who received a subsidy. It is meant to offset and nullify the use of market distorting subsidies.
Now that’s a simple overview and as David Yocis explains in the podcast, there are challenges to doing this, but they are not insurmountable.
David will also be Skyping into a Siggraph panel on the state of the VFX industry to answer any questions that you may have.
The State of the Visual Effects Industry
THURSDAY, 25 JULY 2:00 PM – 3:30 PM PST | Anaheim Convention Center, Ballroom AB
The panel will be moderated by Jim Hillin and attended by Dave Rand, Scott Squires, Scott Ross, and Steve Kaplan.