Hollywood Billionaires STEAL $225 Million from California taxpayers

The Hollywood types want high taxes—but not on them.  They support the BLM Marxist Movement, but hire private bodyguards for themselves and their property.  They want to defund the cops—but have hired armed bodyguards for themselves.

Now the very, very, very rich show how you get richer—get the taxpayers to finance your movies.  If you make money, you keep the profits.  If you lose money, no sweet, it wasn’t your money.

Sylvester Stallone‘s upcoming thriller “Little America,” Aaron Sorkin’s biopic about Lucille Ball and 10 other films have reached the final round for California’s tax credit program.

California Film Commission announced Monday that the 12 films — eight studio films and four indies — could generate around $225 million in qualified spending.

The 12 projects qualified for the tax credit program back in April, but the announcement was delayed because of the coronavirus pandemic.

In total these billionaires got $225 million dollars.  And the taxpayer?  We do not even get a discount to get into the movies we financed!  Corruption?  You bet.  Theft?  Obviously.  But, it is legal to steal from taxpayers.

Stallone thriller, Sorkin’s Lucille Ball biopic, 10 other movies nab California tax credits

The 12 films could generate around $225 million in qualified spending.

By Jessica Napoli, FOX Business, 6/30/20   

Sylvester Stallone‘s upcoming thriller “Little America,” Aaron Sorkin’s biopic about Lucille Ball and 10 other films have reached the final round for California’s tax credit program.

California Film Commission announced Monday that the 12 films — eight studio films and four indies — could generate around $225 million in qualified spending.

The 12 projects qualified for the tax credit program back in April, but the announcement was delayed because of the coronavirus pandemic.

“Program 2.0 has accomplished precisely what it was designed to do, from creating high-wage jobs to encouraging more out-of-zone production,” California Film Commission executive director Colleen Bell said in a statement to The Wrap. “As the industry begins to rebound from COVID-19, the launch of Program 3.0 will help continue to ensure that California provides an unparalleled value.”

Most of production will take place in Los Angeles’ 30-Mile Studio Zone but four of the movies have also committed to shooting in Kern, Orange, Riverside, San Bernardino, and Ventura counties.

“California’s tax credit program is making it possible for us to generate jobs and production spending here at home while working in a supportive environment,” said one of the movie’s executive producers Jude Harris.

The CFC estimated that over 550 cast members and over 1740 crew members and 14,668 background actors/stand-ins will be employed if social distancing and safety guidelines can be ensured.

In early June it was announced that California could restart film and music production starting June 12 with approval from public officials, the state’s department of public health announced at the time.

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CNKCINEMARK HOLDINGS12.64+1.09+9.44%
DISWALT DISNEY COMPANY113.34+1.83+1.64%
AMCAMC ENTERTAINMENT HOLDINGS INC4.43+0.14+3.38%

Major U.S. streaming services and film production companies have halted the production of movies and TV shows amid the coronavirus pandemic, leading some to wonder what the near future of the industry will look like after a months-long pause in work.

HOLLYWOOD FILM PRODUCTION CAN RESUME JUNE 12

“Music, TV and film production may resume in California, recommended no sooner than June 12, 2020, and subject to approval by county public health officers within the jurisdictions of operations following their review of local epidemiological data including cases per 100,000 population, rate of test positivity and local preparedness to support a health care surge, vulnerable populations, contact tracing and testing,” the announcement stated.

The Industry-Wide Labor-Management Safety Committee Task Force sent a 22-page white paper to California Gov. Gavin Newsom earlier this week suggesting additional safety measures producers can take as the state reopens so they can simultaneously resume work and prevent the spread of COVID-19.

Safety measures include required personal protective equipment (PPE) for makeup artists, PPE for actors when they are not being filmed, virtual casting, or in-person casting with social distancing measures in place as a last resort, cleaning furniture and props in between scenes and so on.

“To reduce the risk of COVID-19 transmission, productions, cast, crew and other industry workers should abide by safety protocols agreed by labor and management, which may be further enhanced by county public health officers,” the state’s announcement said.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. Really??? says

    It is called transfer of the burden on the MIDDLE CLASS and Businesses that create wealth.

    As long as the Rebellion led by the likes of Slick, and Nancy use the taxpayers to subsidize their buddies who lie it will continue.

    Remember Moon Beam Brown who gave massive tax breaks to Musk (aka Tesla) and then was used?

    The Democrats don’t care about the long term damage to the workers and middle class in California. The only thing they want is the long term destruction of Capitalism and the Creation of a Socialist Dictatorship.

    Remember you voted for them and allowed the Republican turncoats to vote for top two.

    Now about how you were used for the broken choo choo, and the gas tax that is now going for bike paths.

  2. William Hicks says

    LONG TERM DAMAGE FOR US; LONG TERM BENEFIT FOR THEM.

  3. Rottweiler says

    ANTIFA THE DEMOCRATS ARE ALIVE IN HOLLYWOOD AND CALIFORNIA, NEW YORK, CHICAGO AND EVERY BLUE STATE! THEY RUIN ALL THEY TOUCH, DESTROYING, RUINING AND DECAYING IN TOTAL.

  4. If this is the only way to get a decent movie out of Hollywood, go for it ,I say.

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