Wednesday, April 15, 2015

The Fruits of Free Money

It's no secret that Georgia is a magnet for the entertainment biz, not just in live-action but in animation and video game development. The Atlanta Journa reports:

Georgia has become a magnet for entertainment activity. Film and television productions created close to $5.1 billion in economic impact in fiscal year 14.

Yet film and TV are not the only entertainment sectors thriving here. Digital entertainment encompasses the creation and distribution of software, games, digital apps, music and even advanced concepts such as augmented reality, virtual reality and motion capture. ...

The ability to directly access creative, fresh talent from our universities and technical colleges is essential for digital entertainment companies and the industry’s future in Georgia. Nearly 20 colleges and universities offer interactive design career paths and thousands of students are engaged in interactive design classes or video game programs.

Last month, the Princeton Review ranked SCAD and the Georgia Institute of Technology in the top 25 for graduate and undergraduate programs in Game Design in 2015. ...

Georgia ranks in the top five U.S. states with the most software publishers. The technical talent and expertise in software development that Atlanta offers companies, coupled with the artistic creativity of its young population, is a competitive advantage. ...

Animation studios Cartoon Network and Bento Box have outposts in Atlanta; the incentives of lower wages and tax subsidies will no doubt continue to be a magnet for studios to build satellite facilities in the state.

Funny how right-to-work laws and free money work well for our fine entertainment companies, though less well for artists and technicians.

2 comments:

F. Kousac said...

Of course, there's no such thing as "free money." And like stadiums, most film industry tax credits don't bring money to their locations.

http://m.dailykos.com/story/2015/02/20/1365048/-Sports-Stadiums-Have-No-Impact-on-Municipal-Economies-So-Why-is-it-We-Still-Subsidize-the-NFL

Steve Hulett said...

I use the term "free money" facetiously. It's free money for the companies. Not for Georgia. The taxpayers still have to foot the bill.

Site Meter