Friday, June 6, 2014

Even Major Hollywood Studios are Leaving California

http://www.frontpagemag.com/2014/dgreenfield/even-major-hollywood-studios-ar
e-leaving-california/


"Escape from LA!" John Carpenter's old movie becomes prophetic.

Hollywood is leaving Hollywood in search of lower corporate tax rates, in
Canada, Louisiana and elsewhere.

"California produced 68 percent of the top 25 movies at the worldwide box
office in 1997. In 2013, it was down to eight percent. Of the 26 live-action
films with production budgets over $100 million, just two - "The Hangover
Part III" and "Star Trek: Into Darkness" - were filmed primarily in
California."

"Los Angeles however won't be getting the sequel as LA proved too expensive
for Darkness' budget."

http://www.hollywoodreporter.com/news/summer-box-office-bombs-studios-619389

"Paramount also will look to save money on another Star Trek -- a franchise,
but not quite in the top tier. This summer's $190 million production Star
Trek Into Darkness has earned over $462 million worldwide; its international
haul has exceeded expectations at $234 million, but domestically, its $228.5
million hasn't matched the first film. Whereas the first two were shot in
L.A., the next will be filmed in a more tax-friendly location. "We're making
it for what it should have been shot for last time if we had made it outside
of L.A., which we would have done except that [director J.J. Abrams] didn't
want to," says a studio source. "That was a $20 million issue." (Abrams,
busy with Star Wars, is unavailable for the third Trek.)"

"If California loses the film industry and pushes out non-Green energy
companies, it's going to be left with the tech industry and a giant welfare
state that the tech industry will flee."

By Epictetus

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