The state of California is trying to bring movie production back to the Golden State, but one prominent studio executive is unimpressed with its efforts to date.
Randy Baumberger, President of the Studio Group of Paramount Pictures, says the state’s attempt to give tax incentives to film studios is “incremental” at best and hardly the kind of legislation needed to stop movie productions from fleeing the state.
Virtually no feature films are shot in LA anymore,” the President of the Studio Group of Paramount Pictures noted on a panel examining keeping jobs in California at the Hollywood Chamber of Commerce’s 2nd Annual State of the Industry Conference “What producers needs are commitment and consistency. What producers are looking for is to able plan out 3 or 4 years,” he added. “They can’t plan for a lottery on one single day. We need to be able to look out a year in advance and say what is the cost structure for that film. California is at a disadvantage by having all of the money gone in a few hours.
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