Hollywood Could Get a Cut of the Bailout

0

Hollywood would get a little unexpected boost from the proposed $700-billion bailout of the nation’s financial system.

The bill wending its way through Congress would provide tax breaks worth more than $470 million over the next decade for movie and TV producers that shoot in the U.S.

Hollywood has long sought measures to curb so-called runaway production, which it blames for causing thousands of job losses in Southern California as filmmakers have fled to Canada and other foreign countries that offer cost savings through tax breaks and other incentives.


& #8226;

Read the full

Los Angeles Times

story.

No posts to display