Quote:
Originally Posted by Traum
We gotta remember that the US film industry is based in Hollywood, and that means they share the same time zone as BC, and is much, much, much closer to Ontario and Quebec. There are certainly operational benefits to this proximity, and that is an advantage Ontario and Quebec can never win over us.
What I'm saying is, to lure film production back, we don't really need to offer the same numerical tax savings as ON and QC. We just need to offer something compelling enough so that the overall benefits outweight the short comings for the production company.
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Oh I'm well aware of the time zone differences but this chart here:
and here:
See the spike in tax credits spent, yet how employment in the film industry tanked? This proves that live action has all left for the east coast and post-production houses have stepped in. That's why all the spin-off industries have suffered, even though Sony Imageworks, MPC, ILM, Digital Domain all have large offices in Vancouver. My friends in VFX are enjoying the boom times and the ones in live-action are languishing or have moved east.
Do you think going from 33% to 40% is compelling enough to entice Hollywood to start coming back? I don't think so, which is why de Jong went to Ontario specifically to try to get the film tax credits leveled out.