July 29, 2009
NORTH HOLLYWOOD — Experts are hoping for an economic jolt from a group of schmucks and a Chihuahua, among other players. The films “Beverly Hills Chihuahua 2” and “Dinner for Schmucks” were named Tuesday as two of 25 projects that will receive state tax breaks meant to curb the effects of “runaway productions,” which could lead to an economic recovery in Glendale and Burbank. The California Film Commission selected the projects and will offer the incentives to 30 movie and television productions this year that opt to shoot within the state, instead of pursuing generous tax incentives to locate elsewhere.
March 4, 2000
Time for action on runaway productions In reference to Assemblyman Scott Wildman's article on the export of California film and TV production jobs ("Let's bring Hollywood home," Feb. 26): The loss of jobs to Canada is an ongoing and serious concern of the California entertainment industry. Tax incentives will help, but the strength of the U.S. dollar is a powerful contributor to the flight north. A U.S. dollar can buy approximately $1.50 in Canadian currency.
May 20, 2000
Paul Clinton CIVIC CENTER -- The City Council endorsed a state Senate bill that would set up funding for production companies that keep their business in California. The council, which rarely endorses legislation, voted unanimously Tuesday to support Senate Bill 1490. Adam Schiff (D-Burbank) introduced the legislation earlier this year. The bill, known as the California Film Finance Act, would shift nearly $25 million from the state's general fund into an account that would provide loans to production companies.
October 11, 2000
Paul Clinton BURBANK -- Film and television production companies on their way to Canada may think twice now that Gov. Gray Davis has signed into law two bills designed to stem the flow of jobs out of state. The bills will offer producers a short list of state-owned properties filmmakers can rent for a minimal fee as well as rebates on some shooting fees. Davis signed the bills, both cosponsored by State Sen. Adam Schiff (D-Burbank), on Sept.
January 12, 2002
Laura Sturza MEDIA DISTRICT WEST -- Gov. Gray Davis announced an incentive plan Friday in Burbank to help stop film production's flight from the area to Canada and other states. "Hollywood is under siege and we have to come to their rescue because it is so identified with this wonderful state," Davis said. He has proposed a 15% wage-based tax credit for employees involved in California-produced films that would become effective in July 2004 if it passes the state Legislature.
July 18, 2009
GLENDALE — Local unemployment rates held steady in June, with numbers in Glendale and Burbank remaining under 10%, according to a report released Friday by the state’s Economic Development Department. While the percentage of job seekers stayed on par with May statistics in Glendale, Burbank, La Cañada Flintridge, La Crescenta and Montrose, the area’s workforce did shrink by a combined total of 200, according to the department. There are a total of 187,700 workers in the area, of which 17,000 cannot find jobs, for a combined unemployment rate of 9%, according to the figures.
August 3, 2009
Burbank-based Walt Disney Co. announced late Thursday that its third-quarter earnings were down 26% from a year ago, in the latest news of declining profits for local entertainment industry giants. AOL Time Warner, the parent company of Burbank-based Warner Bros., reported third-quarter revenue drops Wednesday of 9% for its filmed entertainment division. The companies suffered from multimillion-dollar losses from falling DVD sales, box office figures and advertising revenues.