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Journalism & Communication
Pages 3 (753 words)
Reallocation of Film and TV Production To Fund Independent Films The state movie Whip It was set in Texas. It was about a girl named Bliss waiting for the one moment that will change her boring life as a waitress in Austin. The only problem is that it was shot almost entirely in Detroit…
It has attracted movies like Gran Torino, Up in the Air, and Scream bring more than 8,000 in one year and saved the movies more than $223 million in 2009. It is a testament of how tax cuts from several movies can save so much, an amount that could be reinvested on other movies. Proposed Policy Many movie and TV studios actually openly state that a huge part of their expense goes to taxes. On the other hand, there is another sector that complains about having the right ideas that could progress the quality of the movie and tv industry but not having enough funding to pursue these ideas. If five movies total more than $200 million in taxes, reallocating taxes from two movies of every movie and TV studio to fund independent film. Monumental movies like Memento, Run Lola Run, Primer and Clerks were all made for under $100,000. Many of the movies that Hollywood licensed such as The Eye and Shutter were all made under $10,000. $200 million yearly could easily fund 100 movies that could completely turn around the quality of movies coming from Hollywood. Benefits and Disadvantages of the Policy The greatest benefit of providing support to the new filmmakers follows the same model of the commercial market. In the commercial market, when people spend their money on goods and services, it stimulates the economy by increasing the demand. The business owners, in turn, produce more good which offers move jobs to people. ...
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