Bloomberg: Hollywood CA Losing Blockbusters as ‘Iron Man’ Seeks Tax Subsidies

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  05 May 2013
Bloomberg: Hollywood CA Losing Blockbusters as ‘Iron Man’ Seeks Tax Subsidies

Hollywood is struggling to hang on to its blockbuster movies as states such as North Carolina and countries like Canada offer subsidies for producers to shoot films far from the traditional studios of Los Angeles.

This summer marks an acceleration of the trend, with 11 of the 12 action films projected to gross more than $100 million shot somewhere other than southern California. “Iron Man 3” was filmed in North Carolina, letting Walt Disney Co. collect about $20 million in subsidies, while “White House Down” was made near Montreal. Producers of the Sony Corp. (6758) film may recoup as much as 40 percent of their local spending
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  05 May 2013
Hasn't that been the case for years though? That shooting in California is pretty expensive?
The Z-Axis
  05 May 2013
Well it used to be remarkable if a film is shot outside California. Now the reverse is true as hardly any are being shot in Cali anymore.
  05 May 2013
Tax Breaks/Film Subsidies like most Government sponsored incentives more often than not fail. Many of the States that offered lucrative subsidies in the past few years have either scaled back or stopped supporting the movie industry altogether. At best they offer only temporary employment opportunities, at worst they simply give politicians photo ops.
Richard Cabrera
Twitter - Flickr
  05 May 2013

Did iron man really need the incentives? When that movie was coming out (and even now) I keep seeing clips from the movie disguised as subway commercials, audi adverts, or a mini iron man in Verizon commercials!

"You know what keeps going through my head? Where's my sandwich?"

  05 May 2013
Hollywood needs incentives...apparently.
'Something' has to pay for the marketing.
  06 June 2013
nicholas cage was in nevada not too long ago promoting filming in nevada for tax reasons.
Chris Bryant
animator|compositor|time traveler
  06 June 2013
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