Georgia, Hollywood, Washington Post 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 a 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 weeks. The Georgia governor signed the heartbeat Bill. Very restrictive legislation and immediately called king, the Hollywood community, particularly creative to George filming filming filling in Georgia. Years. A lot of incentive for them to production now favorite vendors and game. And so the community tried to put some pressure on to get out, very, very offload react. And then as of last week, Netflix said we might rethink it. And the other studios. Other conglomerates. Bye. Media Disney and other said rethink as well. And to kind of where we are in new cycle with. From? To get out and staying. January. We're going to rethink our committee, Georgia. It's it seems like you, perhaps, though, have stumbled on some Hollywood hypocrisy. Say I think there is a case put it this way. The messaging and the PR a little bit ahead of this, and the policy that I mean, you know, the statements are considered and welcome. One is, of course, opposed to to this legislation. Feeling though that generated by PR department and extra extricate Georgia. Tangled v companies or there and given how much money they get to shoot there that might be another ball game highly. Maybe not be ready to do that. Prepared to do that. I talked to one source. Hoping. Reasons, but also because it would be credibly complicated. Georgia. I think there's a certain again, a gap, put it that way between what's being said being ready or what can reasonably be responding with Steve, psychic. He covers the business of entertainment for the Washington Post, and he's 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? States around the country. In fact, New Jersey. Ramp some of the states around the country that over the last decade or so have increased the amount of money they get back to their in, in the form of other intended, and Georgia right now. One of the highest in the country. Thirty percent. In your credit. Savannah. You can actually get more back. And so it's quite a lucrative arrangement studios. And that brings a lot of jobs. An injection for the economy. But the perspective is a lot of money that they get back on a production of your shooting, a hundred dollar budget. There are TV show, twenty thirty forty fifty million and you're going to get back thirty percents. You know in. Of that amount. There's also a lot of infrastructure their studios and. Very easy for them. Enjoyed it with Bill tracking. 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.