Valuetainment "Too Much Power In Hollywood" - Netflix DITCHES California For New Jersey Over HUGE Tax Breaks
Jul 4, 2025
New Jersey is emerging as a film industry powerhouse, attracting big studio investments with enticing tax incentives. The discussion examines Hollywood's historical power dynamics and critiques recent blockbuster films, including a disappointing sequel to Jurassic Park. Listeners are encouraged to value long-term planning in personal and business relationships, with insights from the Vol Conference aimed at fostering growth and meaningful conversations. This shift marks a significant evolution in the cinematic landscape and offers a new competitive edge to the film industry.
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New Jersey's Film Revival
- New Jersey is reclaiming its historical status as a major film hub, originally led by Thomas Edison.
- Generous state tax credits have fueled a recent boom with hundreds of projects and nearly $600 million generated.
Economic Incentives Drive Growth
- New Jersey leveraged economic incentives to attract film jobs and studios from New York and California.
- This strategy is about growing local jobs and economy without increasing taxes.
Hollywood's New Jersey Origins
- Early 1900s Hollywood started in New Jersey under Thomas Edison, who controlled film patents.
- Filmmakers moved west to California to escape his monopoly, creating the major studios we know today.