The Massachusetts Department of Revenue found that their incentive generated less than 14 cents on the dollar in 2012 (the latest year figures were available).”
The fact is most movies produced with incentive funds are made independently without studio backing, without which would never even get made.
This one is true, and often cited by subsidy proponents. But while there are more smaller films receiving money, the bulk of the spending from the program goes to the big studio projects. In 2014, most of Michigan’s film incentive budget ($35 million) went to Batman v. Superman. In 2013, most of the funding ($40 million) went to Oz: The Great and Powerful.
Michigan taxpayers have spent half a billion ($500,000,000) on a transient industry that takes the money and runs. With a tight budget and the need for more road funding, Michiganders can no longer afford this expensive luxury.
No comments:
Post a Comment