Film wars heat up as B.C., California pitch duelling tax credits
The bright lights of Hollywood have lost some of their lustre as the film industry struggles to find its footing in an era of streaming and following a period of extended labour strife.
The slowdown also extends to Hollywood North.
"I would call it a recession in our business,” said Paul Christie, vice-president of talent at The Characters Talent Agency. “The peak I think was after the pandemic in 2021 and 2022. We saw the business turn on and it went crazy.”
California Gov. Gavin Newsom recently fired a shot across the bow of other movie making jurisdictions by promising to more than double the tax credits doled out by his state – increasing them to $750 million.
"This is about jobs. This is about investment,” Newsom said. “And it's about recognizing, in closing, that the world we invented is now competing against us."
Newsom’s pledge comes on the heels of a campaign promise by recently re-elected Premier David Eby to increase B.C.’s film tax credit from 28 per cent to 36 per cent.
"The message to film workers in British Columbia who I know are feeling a lot of the pressures of the big streamers dialing back their budgets and other pressures facing the industry, is that we're in your corner,” Eby said.
An estimated 45,000 people work in the B.C. film industry – but with only 30 movies and TV shows in production locally right now, they’re not all on the job.
Gustavson School of Business Prof. Mark Colgate told CTV News he expects many of those folks to be back on set sooner rather than later – and not just because of tax credits.
"Obviously, the Canadian dollar at the moment is very weak against the U.S. dollar. It makes it much more affordable to come to B.C. to make a movie right now,” Colgate said. “And we've got to harness that over the next few years while we still have that in our favour."
As the industry looks to rebound globally, insiders say B.C. remains in a strong position to benefit.
"B.C. is one of the best places in the world to make movies and we're really good at it,” said Christie, who expects to see many more opportunities for locals in the film industry very soon.
CTVNews.ca Top Stories
Federal government to stop paying B.C. woman for job she doesn’t have
There appears to be an end in sight for the strange predicament of a B.C. woman who was being paid by the federal government for a job she was hired for but never actually did.
The loonie is trading at lows not seen in years. Here's what it means for Canadians
The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here's what you need to know.
Mother of teen victim in mass killing suing Manitoba's child welfare agency
The mother of a 17-year-old victim in a mass slaying in Manitoba is suing a child welfare agency for allegedly failing to protect the girl.
Dodgers aim to clinch World Series in Game 5 against Yankees
Los Angeles Dodgers (98-64, first in the NL West during the regular season) vs. New York Yankees (94-68, first in the AL East during the regular season)
Canada's Halloween forecast: Record-setting sweet weather for some, frighteningly frigid conditions for others
Trick-or-treaters will flock to streets across the country Thursday night with the Canadian staple, the parka, covering costumes for some, while others will be treated to mild conditions.
Trudeau's Liberals launching new ads, MPs told in caucus meeting
Prime Minister Justin Trudeau faced his caucus for the first time Wednesday since rebuffing calls from two dozen Liberals to resign. He seemed to satiate some MPs’ concerns, with a presentation on party campaign strategy that includes rolling out new ads.
'Nature is just amazing': Manitoba dog seen nursing kitten
A long-time animal foster said the recent behaviour of her dog and cat is something she had never witnessed.
Starbucks is making a popular add-on free of charge
Starting next week, Starbucks customers will no longer pay more for this add-on for their orders.
'Not going to play their games,' Singh won't help Tories, Bloc topple the Liberals
Jagmeet Singh says the NDP will not support the Bloc Québécois and Conservative leaders to help them bring down the Liberal government.