Thursday, March 21, 2013

Hollywood Transforms Itself to Milk Multiple States for Movie Money

Hollywood Transforms Itself to Milk Multiple States for Movie Money [Michigan Capitol Confidential]:
"The Michigan Senate Fiscal Agency did an analysis of the film subsidy program a few years ago. For the fiscal year covering 2010-11, it found that the program brought $13.5 million worth of benefit at a cost of $125 million.
The Center on Budget and Policy Priorities, a left-leaning economic think tank, reviewed the literature on state film subsidy and tax rebate programs and found that claims that they are worth the cost are almost unanimously "more fiction than fact."

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