California tries to woo back movie studios
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 28 October 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
Movie studies have always been associated with Hollywood and sunny Southern California, but high costs have driven many companies eastward to states like New York and Georgia in recent years in search of lower costs for filming. A look at the Golden State’s recent moves, including a tax credit just passed in an attempt to revive the state’s marquee industry. Plus, why Texas’s abortion restrictions risk causing a marked decrease in OB-GYNs willing to work in the state. And, we chat with Sara Taylor, president of the consulting firm deepSee, about incivility in the workplace in a time of tense election-year politics.
Transcript
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| 0:00.0 | Are we ourselves being jerks at work? |
| 0:05.0 | I'm David Brancaccio. |
| 0:06.0 | First, California's governor over the weekend proposed a massive increase in tax credits to keep lucrative |
| 0:12.3 | film and streaming production for moving to points |
| 0:14.8 | north and east. Shoot days in California are down and still down after the writers and |
| 0:20.1 | actor strikes. |
| 0:21.1 | Marketplace's Nova Safo has details. |
| 0:23.6 | California Governor Gavin Newsom's proposal would increase the budget for the state's |
| 0:27.3 | film and TV tax credit program to $750 million a year, up from $330 million. |
| 0:34.0 | At a press conference, Newsom said alarm bells are ringing in Hollywood. |
| 0:38.0 | The industry here is increasingly on life support, and it needs a pattern interrupt. We need to jolt. A recent report found production in the |
| 0:46.1 | Los Angeles area was actually down 5% this summer compared to last when actors |
| 0:52.0 | and writers were on strike. |
| 0:54.0 | Studios have cut back on the number of TV shows and films they're producing |
| 0:57.4 | following a glut caused by streaming wars. |
| 0:59.8 | Meanwhile, other states and countries are luring away production with generous incentives. |
| 1:05.0 | I'm Novosaupho from Marketplace. |
| 1:07.0 | S&P futures are up six-tenths of a percent. |
| 1:10.0 | Nasdak futures are up eight-tenths of a percent. |
| 1:12.0 | Dow futures are up five-s of a percent, Dow futures are up 5 tenths |
| 1:13.9 | percent now. Federal authorities are expecting a national shortage of |
| 1:18.4 | thousands of OBGYNs by 2030, about five years from now. |
... |
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