Monday, March 04, 2013
Toronto Film Has A Record Year
Thanks to a 25 per cent tax credit on all production costs, the Ontario-based film production industry logged in 273 productions in 2012, bringing in $1.28 billion to the provincial economy.
In British Columbia, pleas from the entertainment community have fallen on deaf ears as out-of-touch BC Premier Christy Clark continues to turn down requests for more generous film credits to counter the effects of a high dollar and tough competition from other jurisdictions. The BC film tax credit is currently set at 33 per cent of labor costs only. Misguided Clark recently told the BC industry, she believes other provinces will soon 'abandon' such 'rich benefits' for the film industry.
But that doesn't seem likely in Ontario where creative players on both sides of the camera in 2012 helped to bring in $968.8 million in TV production alone. Domestic production brought in $698.8 million from weekly TV series series including "Lost Girl", "Rookie Blue" and "Degrassi".
Foreign TV series shooting in Toronto, up 80% from 2011, now include NBC's "Hannibal", and Netflix' "Hemlock Grove".
Click the images to enlarge...
Posted by Michael Stevens on Monday, March 04, 2013