Last week the auditor for the state of Georgia released a report calling into question the value of the state’s popular film and television production credit program.
In recent years, 13 states have ended their film incentive programs. This retreat marks a larger trend of states re-evaluating and reducing film incentive programs.
Netflix has finally earned film studio status after buying ABQ Studios in Albuquerque, New Mexico last October for a steal.
No longer will taxpayers and producers be able to use EIS structures that solely finance production tax credits, presales, and other guaranteed funds.