06/28/2011 16:19 (UTC-08:00) Pacific Time (US & Canada)
Today the Los Angeles Economic Development Corporation released a study about the positive economic impact of California’s Film and Television Tax Credit Program. The LAEDC study illustrates why 40 states around the country compete for film and television productions: because they are a proven job creator and economic stimulus. The study shows that the projects that qualified for the tax incentive in the program’s first two years generated $3.8 billion dollars in economic activity statewide, created more than 20,000 jobs and over $200 million dollars in tax revenues.
Assemblymember Felipe Fuentes (D-Sylmar), author of legislation (AB 1069) to extend the tax credit for an additional five years, held a press conference today on the set of ABC’s Body of Proof to publicize the data in an effort to ensure support for his bill. Fuentes was joined by Los Angeles City Councilmember Paul Krekorian, Body of Proof Executive Producer Matthew Gross, and a cross-section of entertainment leaders, including IATSE Local 44 Business Agent Ed Brown and Production Manager and DGA member Cleve Landsberg.
Senator Chris Dodd, Chairman and CEO of the MPAA said of the LAEDC study today: “The motion picture and television industry is overwhelmingly comprised of middle-class workers, and since it was enacted in 2009, California’s production tax incentive has been an important driver in a challenging economy. We applaud Assembly Member Felipe Fuentes’ leadership in the effort to extend this worthwhile program which helps keep high paying jobs in California and increases tax revenues across the state.”
Fuentes’ bill is currently awaiting a hearing in the California Senate’s Committee on Governance and Finance and we are hopeful that this study helps to dispel any doubts about the effectiveness of the tax credit program and easily passes through the Senate.
06/15/2011 16:03 (UTC-08:00) Pacific Time (US & Canada)
The Los Angeles Chamber of Commerce has added its voice to a diverse and influential chorus in support of the PROTECT IP Act. Writing in a blog post yesterday that “policing the Internet for stolen copyrighted material is like draining the Pacific Ocean through a straw – the sheer volume makes it nearly impossible,” the Chamber praised the PROTECT IP Act for “giv[ing] the Attorney General and those holding copyrights the power to go after online companies if they support a site that promotes copyright or trademark infringement.”
The Chamber expressed the importance of passing this key legislation to protect the livelihood of Los Angeles area businesses represented by the Chamber and the 350,000 entertainment industry jobs in the Los Angeles region:
The Los Angeles economy pays a particularly heavy price when material is bootlegged. Lost revenue doesn't just hit film, television and music industry companies in their pocketbook — it directly impacts more than 350,000 entertainment industry employees in our region alone. When a studio or music company loses revenue, there's a direct impact on Los Angeles jobs, from cast and crew, to post-production services, to ancillary businesses such as caterers, dry-cleaners and florists.
Nowhere do rogue sites have a more direct and negative impact on the businesses and employees who depend on a thriving motion picture and television industry than in Los Angeles, the heart of the industry. The Los Angeles Chamber ‘s support in the effort to pass the PROTECT IP Act is significant.
05/17/2011 12:15 (UTC-08:00) Pacific Time (US & Canada)
The Directors Guild of America (DGA) has launched a beautifully revamped website that includes a new and dynamic section on Internet theft, the DGA’s top legislative priority. Features include latest news, statements, filings and testimonials, as well as thoughtful articles about content theft and its impact on creators in the United States and abroad. In an article entitled “The European Front,” the DGA explores how governments in Europe, particularly the United Kingdom, France, and Spain, are responding to widespread digital theft and points to these legislative responses as models for fighting digital theft around the world.