The rumors are true. After 40 years, the Sundance Film Festival may (and an emphasis on “may”) be leaving the confines of Park City, Utah.
29.03.2024 - 06:37 / variety.com
Gene Maddaus Senior Media Writer Georgia has dropped an effort to cap its billion-dollar film and TV tax credit, after the state House and Senate could not reach agreement on the issue. Lawmakers have been working for nearly a year on proposals to rein in the incentive, which is the largest of any state in the nation.
But the General Assembly adjourned its session early Friday morning without passing a bill on the subject out of both houses. Legislators will now have to wait until the next session, beginning in January 2025, to address the issue.
The failure to pass a bill is a reprieve for the Georgia film industry, which relies heavily on the incentive and had been watching the legislation closely. The Georgia Screen Entertainment Coalition, which represents studios and other industry stakeholders, hailed the outcome as proof that the state remains “open for business.” “After much study and debate, the General Assembly has kept in place the tax credit policy that has served the state so well, working exactly as intended,” Kelsey Moore, the group’s executive director, said in a statement.
“Our state leadership has sent a clear statement, literally across the world, that Georgia strongly supports the film industry.” Georgia offers a 30% credit on film and TV production costs, which has been used to subsidize hundreds of productions, including Marvel movies like “Black Panther” and shows like “Stranger Things” and “The Walking Dead.” The credit has transformed Atlanta into a major production hub, competing not only with California and New York but also with the U.K. and Canada.
Unlike most other states, Georgia does not limit the total amount of credits that can be issued annually. As the program has surpassed $1 billion
.The rumors are true. After 40 years, the Sundance Film Festival may (and an emphasis on “may”) be leaving the confines of Park City, Utah.
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William Earl “Vanderpump Rules” alum Faith Stowers is ready to speak her truth about reality television. The actor is launching a podcast with her creative partner Marcus Millions called “The Frequency,” which is set to debut on Sunday. The duo first connected when Millions, a stylist and creative director, started collaborating with Stowers on her image and red-carpet persona after she left “Vanderpump Rules,” and the two became friends.
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Leonardo DiCaprio and his girlfriend Vittoria Ceretti sparked engagement rumors this week when they were spotted enjoying Mexican food together in Los Angeles on Tuesday, March 26. The couple was snapped ordering lunch with Ceretti’s left arm around his shoulder, and a large silver ring on her fourth finger.
Switzerland’s Locarno Film Festival will celebrate the centennial of Columbia Pictures with an expansive retrospective titled The Lady with the Torch, mounted in collaboration with the studio’s parent company, Sony.
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A cap on Georgia’s film and television production tax credit looks much different now in the latest version of a bill that’s passed from the House to the Senate.