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From: "Nate Jones" <notification+oh=[address removed]>
Date: Sat, 16 Mar[masked]:47:58 -0700
To: BR Film Peeps<[address removed]>
ReplyTo: Reply to Comment <g+[address removed]>
Subject: Re: [BR Film Peeps] Something worth reading....
Yes several states have that similar cap and several states have a tenth of the productions in their state.
Hollywood won't go back to other states with similar incentives, they will simply go to: Romania, Bulgaria, China, etc.. We need to act like a union and help the state come to a median. Unlike the automotive, textile, appliance industries and watch our jobs go overseas or in Louisiana's case: another state.
In other words, make the calls, be at the rallies and lets make this happen!
I'm stating this only for clarification - not taking a side. The million dollar cap on salaries doesn't mean that the producers couldn't pay people more than a million dollars per picture; it just means that only the first million dollars would be subject to the rebate. Several states have such caps.
I would be interested to hear what the details of the "reasonable approach suggested by LFEA". While I think not touching the film incentives for the time being would be ideal, I can see how a cap on million dollar plus salaries might be good PR for the LA population, but one million is really chicken feed in our crazy film industry world, and will keep out the big shows Celtic and Michoud are looking to attract with their ginormous spaces. How about a 2 million salary cap? 3 million? For 6 weeks of work? Surely that's reasonable...
Films can't come here if stars won't come here. And stars won't come here if they have to take a 75%-95% pay cut in order to do so.
Even just this.....just a threat to our incentives scares filmmakers away. I understand that our film industry tax incentives cost the state a bit, but it gains it all back plus some by having so many of us out there working. This is not good business.
Something worth reading....
Dear LFEA Members,
Yesterday, Gov. Jindal announced a plan to scale back the motion picture tax credit program by, among other things, imposing a salary cap of $1 million for above-the-line individuals (i.e., cast members). While we recognize that some efficiencies can be obtained through structuring intelligent limitations on cast salaries, a $1 million cap will be extremely detrimental to our industry. To be precise, North Carolina has a $1 million salary cap and last year they had less than one-tenth the amount of film activity as Louisiana. If such a cap is instituted in Louisiana, it will likely result in the bankruptcy of all the major studio facilities in the state and the loss of more than 10,000 jobs.
LFEA suggested a reasonable alternative approach to state officials, an approach that could be structured to deliver immediate savings while at the same time preserving Louisiana’s competitiveness within the industry and the thousands of jobs and businesses that have flocked to Louisiana in recent years to build Hollywood South. Unfortunately, our suggested approach was not incorporated into the Governor's package as outlined.
Now is the time to speak out to your legislators and explain to them the impact that these changes will have on our industry. We must fight to maintain a strong and competitive entertainment industry in Louisiana. In the coming weeks, we will ask you to rally; we will ask you to attend legislative committee hearings; and we will ask you to call your Senators and Representatives. Our film industry is strong. LFEA will lead the fight to ensure that it continues to grow! More details to come...
Louisiana Film & Entertainment Association (LFEA)
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