Skip to content

While Detroit Goes Bankrupt, Michigan Taxpayers Hand Disney's 'OZ' Nearly $40 Million in Film Credits

While Detroit Goes Bankrupt, Michigan Taxpayers Hand Disney's 'OZ' Nearly $40 Million in Film Credits

Disney’s “Oz the Great and Powerful,” which was filmed in California and Michigan, had an estimated budget of $200 million, $39.7 million of which was subsidized by the state’s taxpayers in the form of Michigan film credits. The movie was filmed between July and December of 2011.

 

   From Michigan Capital Confidential:                      

 

“Oz: The Great and Powerful,” received $39.7 million of the $75.2 million the state of Michigan handed out to film producers. Ironically, the state film subsidy nearly matched the $39.8 million salary Walt Disney Chief Executive Robert Iger was paid in 2012. 

This news comes on the heels of a new report by the Government Accountability Institute (GAI) that concluded Ben Affleck and George Clooney’s Oscar-winning film, Argo, received $6.21 million in California film tax credits and Quentin Tarantino’s Oscar-winning film, Django Unchained, applied for an estimated $8.4 million in film credits, pending audit and review by the state of Louisiana. Forbes recently reported that Hollywood millionaires and moguls rake in an estimated $1.51 billion in tax revenues annually through state film tax credits. 

 

‘Oz’ officially opens on Friday.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.