Georgia, Hollywood, Steve Zayeck discussed on Coast to Coast AM with George Noory
The entertainment business was prepared to decisively move on from the state because of a restrictive antiabortion law signed by the governor or at least it seemed like they were despite media outlets claiming the studios had threatened boycott Georgia. It's actually far from clear that Hollywood studios will leave the state anytime soon. No matter what happens with the 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 heartbeat Bill. Very restrictive abortion legislation and immediately. The Hollywood community. Particularly creative to door. Jolly was filming filming filling in George over the last few years. A lot of incentive for them to production there. Now favorite shows are vendors game and community. Try to put some pressure on studios to, to get out studios very, very react. And then as week Netflix said, well, we might rethink it goes into effect, and the other studios other conglomerates comes on board by Warner media other said, well, we would rethink as well and to that kind of where we are in new cycle with a lot of pressure from the great community to get out and staying supposed to do in January. We're going to rethink our commitment to Georgia. It's it seems like you, perhaps, though, have stumbled on some Hollywood hypocrisy. Say Chrissy, I think there is a case put it this way. Where the, the messaging and the PR, maybe a little bit ahead of this stuff and the policy. And by that, I mean, you know, the statements are while well-considered and welcome. One is, of course, opposed to to this legislation. Feeling though that generated by PR department and actually extricate oneself endorsed giving. Ensconced and tangled v company are there and given how much money they get to shoot there that might be another ball game in may not be ready to do that. They mean be prepared that I talked to one. Source who said, we're really hoping. Also because it would be incredibly complicated extent. Productions at Georgia. I think there's a certain again, gap between what's being said, and what's being readied or what reasonably being speaking with Steve Zayeck covers the business of entertainment for the Washington Post and is written a piece, entitled, why Hollywood isn't actually, in a rush to leave Georgia reference to some of the uproar over abortion law there, what are the incentives like in Georgia Steve for these studios? Quite rich. Aware that states around the country. In fact, jersey. Ramp up some of the country that over the last decade or so have increased the amount of money they get back to their in tax rebate in the form of other intended, and Georgia right now. One of the highest in the country. Percents. Georgia in your credit. Pity links Vanna gonna get more back. And so it's quite a lucrative arrangement for studios, and that I, I bring jobs and an injection for the economy, but the. From the perspective, there's a lot of money that they get back on a production of your shooting a hundred dollar. But there are TV show, you know, at twenty thirty forty fifty million and you're going to get back percents. You know in tax rebate of that budget significant amount. There's a lot of infrastructure their studios and some other studios built. They're very easy for them to shoot enjoyed it with Bill authors already. There as you put out to from a business standpoint this lease a handful of states, who initially went all in with incentives for movie studios. Then got out of that business altogether. That's right. I think a lot of economic wisdom.