May
1
Jaffe Skeptical of 'Runaway Prod'n' Tax-Credit Program
Count veteran TV movie producer Michael Jaffe among the skeptics as to whether California's recently adopted tax-credit program -- designed to help thwart runaway production -- is going to yield any appreciable benefits.
Jaffe, a partner in Jaffe-Braunstein Films, recently wrote the following letter to the Santa Barbara News Press. (Click here for an earlier column of mine detailing some of the tax-incentive provisions, which commit up to $500 million to support local production over the next five years.)
Jaffe's take is that the program is too little, too late, and won't be enough to attract independent producers, thus becoming a corporate give-back to the major studios. He might well be right, but given the pleas from local below-the-line workers and supporting actors for something to keep production at home, it's difficult for me to damn the if nothing else well-intentioned effort before giving it a chance. As even Jaffe concedes, "only time will tell."
Anyway, here's his position:
I have produced over 120 movies for television and started service companies that produced another 30-40 in
First, it fails to mention that numerous other states (
Secondly, it fails to mention that the innate cost of doing business in the United States for lower cost productions where every dollar counts is simply much greater than in Canada. A recent example from my own professional life. We budgeted a film in
Thirdly, given number two above, how would
So, if the stated goal of the
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