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Bonus episode: The economics of movies

The David McWilliams Podcast

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I Love the Cinema. It's Pure Bread and Circuses.

Cinema is part of what makes us, and it's part of our voice. People feel rightly that cinema is part of our cultural expression. So the state all over the world, like all over every European country, almost every country, has come up with financial supports. And our own is a thing called section 481. That started a long time ago. It started, I think, in the 70s or even the 60s. Section 481 is a tax scheme whereby- so most movies don't make any money, right? Because you're competing against your bloody Avengers,. Right? But this is based on - let's just look at the Irish movie scene for a moment

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