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Tag Archives: hollywood
Qld Gov’t to waste $53M attracting temporary film industry activity
After the Queensland Government was willing to spend $8 million to attract a one-night State of Origin game to Townsville last week, it’s unsurprising it will be willing to spend $53 million attracting film productions providing only temporary economic activity … Continue reading
Posted in Queensland Government
Tagged filmindustry, hollywood, qca, qld, queensland, screenqueensland
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ABC radio story on Hollywood blockbusters crowding out local productions featuring David Williamson and me
When an ABC journalist contacted me a couple of weeks ago about excessive federal and state government subsidies to international film productions such as Thor: Love and Thunder, I mentioned it wasn’t just hard-headed economists like me complaining. Cultural luminaries, … Continue reading
Posted in Industry policy
Tagged abc, disney, filmindustry, governmentsubsidies, hollywood, thor
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‘Hollywood Australia’ supported by generous tax credits and other government subsidies
The Australian is reporting ‘Hollywood Australia’ a $1.5bn movie blockbuster extravaganza, covering the surge in international film productions such as Thor: Love and Thunder filming in Australia. This is partly related to Australia’s success in managing COVID and also to … Continue reading
Posted in Industry policy, Tax
Tagged australia, corporatewelfare, cronycapitalism, economics, filmindustry, foxstudios, government, hollywood, industryassistance, louisiana, subsidies, taxcredits, usa, villageroadshow
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Hollywood subsidies by Qld Gov’t kept hidden – Qld Right-To-Info process a huge joke
I’ve long argued that the current approach to assisting the film industry, focused on luring international film productions, is wasteful, doesn’t achieve any important public policy goals, and is politically motivated, so drab politicians can benefit from some Hollywood glamour. … Continue reading
Posted in Gold Coast, Industry policy, Queensland Government, Uncategorized
Tagged filmindustry, hollywood, industryassistance, qld, qldgovernment, screenqld
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Hollywood grabbing excessive film industry support
The Brisbane Times, in its article Film industry calls for more local support after Hollywood incentive, is reporting there is some dissatisfaction with the newly announced $400 million of federal government incentives to attract international film and TV productions: Australian … Continue reading
Posted in Uncategorized
Tagged abc, australia, brisbanetimes, doratheexplorer, filmindustry, hollywood
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Money on the Screen – film industry episode of Economics Explained podcast
The latest episode of my Economics Explained podcast, Money on the Screen, explores the economics of the film industry. What affects the return on investment in films? Should governments subsidise film productions as they do in Australia? In the episode, … Continue reading
Posted in Gold Coast, Queensland Government, Uncategorized
Tagged disney, economicsexplained, film, filmindustry, goldcoast, hollywood, movies, roi, subsidies
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Fact check on PM’s comparison of GC film industry to tourism in economic contribution terms
On Monday, Prime Minister Scott Morrison made a bold claim regarding the film industry on the Gold Coast in a radio interview on Gold FM regarding the tax breaks used to lure the Godzilla vs Kong film and Disney Reef … Continue reading
Posted in Uncategorized
Tagged disney, filmindustry, gc, godzilla, godzillavskong, goldcoast, hollywood, kingkong, reefbreak, scomo, screenqueensland, tourism, tra
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International film productions such as Thor: Ragnarok unworthy of Qld taxpayer support
Thor: Ragnarok, now filming on the Gold Coast, and which is supposedly receiving Queensland taxpayer support of $3 million (see my post from October last year), is delivering much lower benefits to locals than may have been expected, as reported … Continue reading
Posted in Industry policy, Uncategorized
Tagged filmindustry, hollywood, industryassistance, industrypolicy, qld, queensland, ragnarok, thor
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