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Bailing out Hollywood!

Already on the hook for billions to bail out Wall Street, taxpayers are also finding themselves stuck with a growing tab for state programs intended to increase local film production.

One of the most shocking bills has come due in Louisiana, where residents are financing a hefty share of Brad Pitt’s next movie — $27,117,737, to be exact, which the producers will receive by cashing or selling off valuable tax credits.

As the number of movies made under these plans multiplied in recent years, the state money turned into a welcome rescue plan for Hollywood at a time when private investors were fleeing the movies.

I apologize if this has been posted before, but this infuriates me!

Answer Question
 
sharebearmomof2

Asked by sharebearmomof2 at 6:51 PM on Feb. 23, 2009 in Politics & Current Events

Level 1 (2 Credits)
Answers (16)
  • Thats so ridiculous but nothing shocks me anymore.
    gemgem

    Answer by gemgem at 6:52 PM on Feb. 23, 2009

  • Not shocked...Nope...was that in that big beautiful stimulus bill? I hadn't heard about this little tidbit of awesome news.
    SheriSanchez

    Answer by SheriSanchez at 6:59 PM on Feb. 23, 2009

  • Do you have a link by chance?
    SheriSanchez

    Answer by SheriSanchez at 6:59 PM on Feb. 23, 2009

  • I think I need more depressive news.
    SheriSanchez

    Answer by SheriSanchez at 7:00 PM on Feb. 23, 2009

  • I pretty much boycott most of Hollywood productions these days. I simply cannot continue to support people who don't give a fig about the very people who spend their hard earned money to see their coveted acting role, especially when they are so vocal about their causes that are incredibly anti-American! It's all I CAN do!

    Anonymous

    Answer by Anonymous at 7:04 PM on Feb. 23, 2009

  • Maybe Brad and Angelina will adopt my kids. *sigh* Don't they make enough to finance their own movies?
    mancosmomma

    Answer by mancosmomma at 7:48 PM on Feb. 23, 2009

  • yeah, its been announced on talk radio long before porkulus was signed by Obama. it really makes me ill, cuz i'm a movie fanatic and plan to get into the entertainment industry, but this is too conflicting with my principles. anybody know which films are going to be financed by taxpayer money? i will gladly protest outside of my local movie theaters.
    chickenhobbit

    Answer by chickenhobbit at 8:03 PM on Feb. 23, 2009

  • http://bigbradpitt.com/article.asp?articleid=38771

    Here is one link I found!
    sharebearmomof2

    Answer by sharebearmomof2 at 8:03 PM on Feb. 23, 2009

  • again, not surprised.. sickened yes. WHY are there people that still support this bill like its really going to help?


    banging head into wall

    xxhazeldovexx

    Answer by xxhazeldovexx at 8:16 PM on Feb. 23, 2009

  • Wow. Big shocker that Hollywood needs a bailout. The city of excess, and we should all foot the bills. Nice.


    Off to make a cocktail. Anyone else want one? I am breaking out the Vodka tonight. Tough day.

    QuinnMae

    Answer by QuinnMae at 8:38 PM on Feb. 23, 2009

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