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How Many Jobs Will California Film Credit Expansion Create?
The California film credit is set to double to $750 million - but the impact on jobs will be somewhat less.
“We know we’re facing Depression-era levels of job losses,” said Rick Chavez Zbur, the Los Angeles assemblyman who is leading the effort to expand the tax credit. Thornberg argues that technology has changed the way people consume entertainment, as eyeballs shift to YouTube and away from traditional platforms, leading to a global decline. “While more resources would result in more jobs, we recognize the challenges of the moment and competing priorities,” said Rebecca Rhine, the president of the coalition and a top official at the Directors Guild of America.
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