The Town with Matthew Belloni The Arms Race Behind Where Movies Shoot
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Aug 21, 2024 
Joe Chianese, SVP of Incentives at Entertainment Partners, dives into the landscape of film production, discussing how tax incentives are reshaping shooting locations. He reveals why California is losing its allure as a filming hub and compares incentives across global markets like Canada and the UK. The conversation also touches on the significant economic implications for local communities. Matt also predicts Travis Kelce's potential transition from athlete to actor, exploring the industry's expectations for new talent.
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Location-Based Budgeting
- Shooting locations heavily influence film budgets due to tax incentives.
- These incentives can offset 10-50% of production costs, making location a key budgeting factor.
Evolution of Film Budgeting
- 18 years ago, studios budgeted for California, New York, and Canada.
- Now, productions create 10-15 budgets based on different incentive locations.
Incentive Caps
- California's incentive program has a $330 million annual cap, unlike Canada or Georgia.
- New York doubled its cap to $700 million, giving them an advantage.