- Why Careful Shoppers Are Great for the Box Office
- Black Friday at Best Buy
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Why Careful Shoppers Are Great for the Box Office
- Black Friday at Best Buy
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
MEDIA MONEY VIDEO GALLERY
RSS FEED
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Dubai Stocks Could Fall a Further 30%: Charts
- Dubai Markets Open Sharply Lower for Second Day
- Treasury Threatens Banks, Not Borrowers
- Should Homeowners Be Able To Walk Away From Mortgage?
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- What to Expect from Cyber Monday
- Notre Dame Fires Charlie Weis After 5 Seasons
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- China Hires Foreigners to Manage Forex Reserves
- Cutting Jobless Will Take Time: White House's Summers
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- Tuesday's ISM in Focus as Bulls Call for Turn in Dollar
- Arrest Imminent in Florida Ponzi Case: Report
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Good Sign for the Economy: 'Greed' Makes a Comeback
Media Money
The economic rescue plan Congress passed wasn't just about the credit crunch and mortgage crisis. Attached to the bill was a tax-break bill that will help a huge range of industries across the country, considered a way to attract more interest in passing the bill.
One of those tax breaks is an incentive plan to keep movie and TV production in the U.S. A previous tax break bill allows movies with budgets less than $15 million to deduct their production costs. That bill was meant to expire at the end of this year. This bill extends the bill, and allows movies with budgets over $15 million to be included. Producers can deduct the first $15 million in production costs. The MPAA had been pushing another tax break that made it into the bailout plan: reducing the 35 percent tax rate for producers to 32 percent.
Nearly all of the states have their own tax incentives for filming. Here's a blog from when New York increased its film incentives. Productions that strategize can reduce their budgets by as much as 30 percent. And now they'll have more tax write-offs on top of that. Not bad for movie producers.
The Screen Actors guild, whose negotiating committee has been making noise about wanting its membership to vote to authorize a strike, released a comment about the inclusion of the tax breaks in the bailout bill: "Screen Actors Guild applauds the passage of this important jobs incentive. We believe there is no better time than now to support American workers and American jobs.”
After being attacked for ignoring the tough financial climate, SAG is articulating that they do indeed want American actors to have jobs.







