Georgia, Hollywood, Steve discussed on This Morning with Gordon Deal
The headlines from Hollywood's Georgia controversy have been stark. The entertainment business was prepared to decisively move on from the state because of restrictive antiabortion law signed by the governor or at least it seemed like they were despite media outlets claiming the studios had threatened to boycott Georgia. It's actually far from clear that Hollywood studios will leave the state anytime soon. No matter what happens with legislation. More from Stephen psychic reporter at the Washington Post. He covers the business of entertainment Steve, give some background interesting. Obviously, the Georgia governor signed the fetal heartbeat Bill has no very restrictive abortion. Legislation and immediately king, the Hollywood community. Particularly creative types to go out of Georgia, filming filming filling in George over the last few years, a lot of incentive for them to do production infrastructure, their favorite movie, their vendors and game most recently, and so the Greek community to put some pressure on studios to, to get out studios. More very, very odd slow to react. And then as of last week, Netflix said, well, we might rethink it, it was law goes do affect, and the other studios. Other conglomerates comes on board. Viacom CBS Warner media, Disney and other said, well, we would rethink it is well, and so that kind of where we are in new cycle, where a lot of pressure from activists and the creative community to get out and studios staying affected. It's supposed to do in January. We're going to rethink our commitment to Georgia. It's seems like you, perhaps, though, have stumbled on. Some Hollywood hypocrisy. Interesting. I would say, Chrissy, I think there is a case, let me put it this way toward case where the messaging and the PR might be a little bit. I had all this substance and the policy by that. I mean, you know, the statement are while well-considered and only welcome. One is, of course, opposed to to this legislation. I think there's, there's a feeling, though, that that is something being generated by PR department, and that actually extra K oneself in given how and tangled these companies are there and given how much money they get to shoot there that might be another ball game entirely may not be ready to do that. They may not be prepared to do that. I talked to one source who said what we're really hoping into. Reasons but also because it would be incredibly complicated and expensive. Georgia. I think there's a certain again, a gap with put it that way between what's being said, and with being ready or what can reasonably be responding with Steve psychic covers the business of entertainment for the Washington Post and is written a piece, entitled, white Hollywood, isn't actually, in a rush to leave Georgia reference to some of the uproar over an abortion law there, what are the incentives like in Georgia Steve for these studios, quite rich aware that states around the country. In fact, New Jersey ramp up some of their states around the country that over the last decade or so have increased the amount of money they give back to their in tax rebate forms of other intended, and Georgia right now. One of the best in the country. Thirty percent. You're in your credit I in certain cities like savannah, you can actually get more back. And so it's really quite a lucrative arrangement for studios, of course. Stay and that brings a lot of jobs, and it's an injection for the economy. But the but from the perspective of a lot of money that they get back on a production of your shooting, a hundred twenty million dollar budget. There are TV show, you know, at twenty thirty forty fifty million and you're going to get back thirty percent. You know, in actually of that budget amount. There's also a lot of infrastructure their time with studios and other studios built, they're very easy for them. If she enjoyed it with Bill stages already set off, so attractive. For there as you point out to from a business standpoint this release a handful of states, who initially went all in with incentives for movie studios. Then got out of that business altogether. That's right. A lot of economic wisdom.