Film Production Industry Has Mixed Results From State Budget Compromise

Film Production Industry Has Mixed Results From State Budget Compromise

The compromise budget between NC House and NC Senate channels surplus funds from the state’s film production grant program in a move film industry advocates says further puts North Carolina at a disadvantage vis-a-vis Georgia, which provides more generous incentives to the film crews. Other changes are more encouraging to film promoters. The legislature’s budget compromise reduces the threshold production companies must spend in order to qualify for state film and entertainment grants. For feature films, the requirement falls from $3 million to $1.5 million, while made-for-TV productions must spend $500,000, down from $1 million. “I’m pleased that the minimum threshold was lowered,” said Rebecca Clark, director of Piedmont Triad Film Commission. “Hopefully, this will enable NC to recruit more, smaller budget films across the entire state, including the Piedmont Triad.”

 

The Winston-Salem Journal: READ MORE