Economic Impact
30 articles
US Share of Film and TV Production Plummets Over 25 Years, Union Report Reveals
A new union report details a dramatic 25-year decline in the U.S. share of film and television production, with major film budgets plummeting from 74% to 42% and TV budgets from 94% to 64%. This exodus of high-budget projects has significant economic consequences and impacts American jobs.
Texas film production impact tops $1.179 billion in economic value
In Texas, film production incentives generated an estimated $1.
Film Production Incentives Drive Significant Economic Impact in the US
Unscripted productions in Los Angeles saw 40% fewer shoot days in the second quarter of the year compared to the same period in 2025, as major shows like 'American Idol' and 'The Masked Singer' packed
How Do Film Festivals Aid the Independent Film Ecosystem?
For aspiring filmmakers, the path to a prestigious festival like Sundance begins not with a premiere, but with a $55 early bird fee and a strict July 13 deadline, long before a single frame is screene
What Is the Cultural and Economic Significance of Book Festivals?
In 2022, new book festivals emerged with a deliberate emphasis on attracting younger audiences and individuals from marginalized communities.
What are film tax credits and why do they matter for production location?
Despite states like California more than doubling the value of its film incentives to $750 million per year, studies show these programs rarely lead to a statistically significant increase in local fi
What is the economic and cultural impact of indie film festivals?
For every Swiss franc invested in the Locarno film festival, the region sees a return of three: a striking economic multiplier.
What is the role of a film commissioner in attracting productions?
In 2024-2025 alone, the Greater Cleveland Film Commission secured $256.
‘Marty Supreme’ honored at LMGI Awards
The film 'Marty Supreme,' honored at the 2026 LMGI Awards, brought approximately 120 cast and crew members to film at Playland Park and the Westchester County Center, injecting significant local econo
Film Tax Credits Boost Production, But Local Jobs Lag Behind
Ohio awarded $3.7 million in motion picture tax credits to four feature film projects in Northeast Ohio, expecting only 65 jobs in return, according to The Business Journals . This significant public
What is the effectiveness of state film incentive programs for TV series?
Despite states offering up to 35% tax credits on production expenses, these incentives boost television series filming by 23% but have no meaningful effect on feature films or local employment.
Fresh Films initiatives to boost local economies, train filmmakers
In Texas, incentivized film productions generated an estimated $1.
What Are State Film Incentives Driving Studio Expansion in 2026?
Amazon MGM Studios, which purchased Bray Studios in Berkshire two years ago, is investing in a multi-storey car park and six new sound stages.
What is the role of a film commissioner in attracting productions?
In FY2023, film productions attracted to Oregon generated approximately $208 million in direct spending, according to Oregon Film .
Iconic UK Film & TV Locations Boosting Tourism
Visitor expenditure on screen tourism activities in Scotland surged to £161.
States Double Down on Film Incentives, Economic Benefits Disputed
Despite claims of massive economic returns, a study on Louisiana and New Mexico's film incentives found they increased feature film production but failed to boost TV series filming, employment, or new
Utah film incentives fuel new productions, boosting rural economies
The production of 'Horizon: An American Saga – Chapter 1' alone injected an astonishing $94.
Dallas Film Commission Hosts Global Production Awards Ceremony
The Dallas Fort Worth Film Commission hosted its inaugural Global Production Awards, attracting filmmakers from over 10 countries and signaling Texas's emergence as a global production hub.
Film Production Incentives: Economic Impact & Effectiveness
New Mexico has attracted over $5.
Green Production Surges: New Incentives Drive Economic Impact
In Illinois, film and TV productions can now earn an additional 5% tax credit simply by being certified as 'green'.
How Do Film Production Tax Credits Work and What's Their Economic Impact?
Twenty-three states that independently evaluated their film tax incentives through 2018 unanimously concluded that every single program was strongly revenue negative, indicating a consistent financial
New Jersey Expands Film Production Infrastructure Amid Spending Boom
New Jersey's film industry saw production spending surge to $834 million in 2024, a 40% increase from the previous year, according to ROI-NJ .
Georgia film industry spending declines as productions go overseas
Preliminary data for 2023 reveals a 15% decrease in direct film and television production spending in Georgia, reversing years of record growth.
What Are US Film Tax Credits and Do They Boost Local Economies?
In North Carolina, state officials claimed film incentives created 17,075 jobs in 2023, according to the Carolina Journal .
What is the role of film festivals in the global film industry?
The global film festival market, often seen for its cultural impact, is projected to expand from USD 3.
US states film TV tax credits 2026 economic implications
Last year, 45% of all U.
What Are UK Film Production Incentives and Why Do They Matter?
In Louisiana and New Mexico, state film incentives increased feature film production but failed to boost local employment or establish new businesses, according to PMC .
New York Film Incentives Generate Only 31 Cents Per Dollar
For every dollar New York pays producers through its film credit, the state generates only 31 cents in direct and indirect revenues, a stark financial reality for taxpayers.
Louisiana's 40% Film Tax Credit Yields Narrow Economic Returns.
Despite offering up to a 40% tax credit on production expenditures, Louisiana had only one active film or TV production as of May 20, according to AP News .
Illinois Film Grants Fuel Record $703M Production Boom Amidst Shifting Landscape
In 2023, Illinois's film industry generated a record $750 million in direct spending, according to illinois .