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Morning Brew Daily
Bezos' WaPo Lands in Endorsement Mess & CA's $750M Offer to Win Hollywood
Oct 28, 2024
The Washington Post and LA Times stir debate by refusing to endorse presidential candidates, raising questions about media neutrality. California proposes a hefty film tax incentive to entice Hollywood back, fighting for production stability. Meanwhile, the gaming world buzzes with 'Call of Duty' testing Microsoft’s acquisition success. On another note, a McDonald's consumer rights victory highlights the right to repair amidst rising food recalls. Explore the intersection of media, entertainment, and consumer rights.
29:19
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Quick takeaways
- California's proposed $750 million film tax incentive aims to reclaim its dominance in the film industry amid fierce competition from other states.
- The Washington Post and LA Times' decision to forgo presidential endorsements raises concerns about media neutrality and the influence of billionaire ownership.
Deep dives
Governor Newsom's Initiative to Revitalize Hollywood
California Governor Gavin Newsom proposed a $750 million tax credit package aimed at rejuvenating the state's film and TV industry, which has been losing production work to other states and countries. This initiative would significantly increase the state’s existing incentives from $330 million to $750 million, intending to draw filmmakers back to California amidst declining production levels. With competition from states like Georgia and New York, which offer more attractive tax incentives, California faces challenges in maintaining its status as the film industry hub. Critics are skeptical about the return on investment of such incentives, given California's budget constraints and prior studies suggesting limited benefits from film tax credits.
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