A coalition of industry unions released an EY study reporting a 32% decline in U.S.-based film production spending and a 30% decline in television production spending between 1999 and 2024. The report advocates for a federal tax credit to improve domestic competitiveness against foreign production incentives.
The sharp migration of high-budget projects to international markets threatens the long-term viability of the domestic production infrastructure and the two million jobs it supports. As major studios prioritize regions with aggressive subsidies, the U.S. risks losing its status as the primary hub for technical and creative labor. This shift forces a competitive realignment where domestic locations must compete on financial incentives rather than just infrastructure or talent. The industry's focus now turns to whether Congress will respond to this unified labor front by implementing a federal production incentive to stabilize the domestic market. Watch for the upcoming legislative session to see if a federal film incentive bill gains bipartisan sponsorship.
A new EY study reveals that U.S. film production spending share plummeted from 74% to 42% over the last 25 years. In response, a coalition of major industry unions is advocating for a federal tax credit to counter aggressive foreign production incentives and protect domestic jobs and infrastructure from further migration.
The U.S. film production spending share dropped by 32 percentage points, falling from 74% to 42% over the last 25 years.
The coalition includes the DGA, IATSE, LIUNA, SAG-AFTRA, Teamsters, WGAE, and WGAW.
Television production spending in the U.S. fell 30 percentage points to a 64% share between 1999 and 2024.
Unions are seeking a federal tax credit to counter aggressive foreign production incentives that have caused high-budget projects to migrate away from the U.S., threatening domestic jobs.
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