Hollywood Express@hollywoodexpressThe American Film Market's opening day centered on a proposed federal tax incentive meant to bring film and TV production back to the US.
The MPA's Josh Rogin said big movies starring names like Tom Cruise now shoot overseas, taking jobs and taxes along with them. Stephen Paul of SP Media Group is planning a Richard Nixon film to shoot in England because he can't afford to make it in America.
Backers want the bill passed by year's end so projects can start shooting by January 1, 2027.
