Some of the UK’s top film and TV studios have raised concerns with Culture Secretary Lucy Frazer over a property tax bombshell that this week put the breaks on Sunset Studios’ major expansion into the British market.
The program will be extended for five years through 2030. For the first time, the credit will be refundable, meaning that companies like Netflix that have little or no state tax liability can receive cash back from the state. That change has been estimated to cost $200 million.
Missouri will soon offer tax credits to help attract the film and music industries to the Show Me State. Gov. Mike Parson has signed a bill into law that will offer the tax credits later this year and they won’t expire until in 2030, unless the legislature extends them.
Jon Gosier’s Southbox Entertainment, based in Georgia, has secured a $25 million partnership with sister company FilmHedge and is raising another $55 million from private investors — for $80 million in fresh funds to greenlight film and TV projects.
Sony/Screen Gems/Stage 6 Films/Blumhouse’s Insidious: The Red Door knocked out the biggest overseas horror debut since 2019. With $31.4M from 52 markets; this is also the best for the franchise in like-for-like markets. Including domestic, the global bow is $64M
For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, in government figures going back to the 1990s.
Experts share insights for Atlanta’s film and acting communities.
Speaker of the House Jon Burns (R-Newington) joined with House Rural Development Co-Chairmen Rep. Gerald Greene (R-Cuthbert) and Rep. Mack Jackson (D-Sandersville) in announcing the dates and locations for the 2023 meetings of the House Rural Development Council.
From the image of Forrest Gump sitting on a park bench in Chippewa Square to the chase scene starting at Forsyth Park in The Longest Yard, Savannah’s landscapes have become an iconic part of American cinema and brought millions of dollars to the local community.
Disney/Lucasfilm’s Indiana Jones and the Dial of Destiny is off to a disappointing start with a $130M global opening. Of that, $70M is from 52 international box office markets as the the fifth installment in the beloved 42-year-old franchise came in below projections.