BUSINESS
May 18, 2011 | By Richard Verrier, Los Angeles Times
Each year, hundreds of film commissioners from Serbia, South Africa, Michigan and elsewhere around the world descend on Santa Monica, pitching their locales with tax breaks and other incentives designed to entice filmmakers. This year, however, the Assn. of Film Commissioners International will for the first time join with the Producers Guild of America in holding one major event at Walt Disney Studios in Burbank in recognition of the increasingly global nature of the movie business.
BUSINESS
June 30, 2010 | By Richard Verrier, Los Angeles Times
Call it the Happy Cow bill. The California Legislature is chewing over a measure that would require commercials promoting state products, and that are financed with public funds, to be produced in California. The California Assembly voted to approve the bill last month and this week it will be taken up by the Senate Appropriations Committee, with a vote by the full Senate expected in August. Assemblyman Ted W. Lieu (D-Torrance) introduced the bill in response to the outcry over a decision by the California Milk Advisory board last year to shoot part of its new series of 10 California "Happy Cows" TV commercials in Auckland, New Zealand, to take advantage of that country's low production costs.
BUSINESS
March 10, 2010 | By Richard Verrier
In a North Hollywood studio, actor Jack McGee is stripped down to his boxers, his legs duct-taped to a chair in a room draped in plastic sheets. He's not playing his best-known role of Chief Jerry Reilly in the TV series "Rescue Me" but the unlucky owner of a nightclub, sweating profusely as a mobster and his goons threaten to cut off his legs with a chain saw. His crime: luring the mobster's younger brother to perform in drag because the kid...
BUSINESS
February 25, 2010 | By Richard Verrier
Nancy D. Sidhu is chief economist for the Los Angeles County Economic Development Corp., a private research and business development group that prepares economic forecasts of national, regional and local business trends. A former economics professor and corporate planner with Inland Steel Industries in Chicago, Sidhu moved to California in 1987 from the Midwest, first to work at Toyota Motor Sales before joining Bank of America as a senior economist. Sidhu joined the LAEDC in 2000 and eight years later succeeded longtime forecaster Jack Kyser, now the group's founding economist.
BUSINESS
January 15, 2010 | By Richard Verrier
It may have been a blockbuster year at the box office, but 2009 was a dud for local film and TV production. On-location filming in Los Angeles sank 19% last year compared with 2008, the steepest year-over-year decline since tracking began in 1993, according to FilmL.A. Inc., the nonprofit group that handles film permits for the city and parts of the county. The production sector -- a major employer and key component of L.A.'s local economy -- was buffeted on several fronts. These included the recession, which led to a decline in film, TV and commercial shoots; the ongoing exodus of production from the region; and the long-term effects of a contract dispute with actors, which caused financing for independent features to dwindle.
BUSINESS
December 4, 2009 | By Claudia Eller
In acquiring legendary Universal Pictures, Comcast Corp. would make its Hollywood debut during a particularly turbulent time for the movie business. Not only are all studios grappling with declining DVD sales and shifting consumer habits in entertainment, but Universal is also struggling to correct course from a prolonged box-office slump, runaway production costs and turmoil in the executive suites. Comcast wouldn't be able to exert much influence over the operations of Universal until well into next year after its merger with NBC Universal is finalized.