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Industry
Tax Incentive Legislation: Tax Credit Clears Georgia’s House
A Georgia House subcommittee has opted to retain the tax credit cap, crucial to the state's flourishing film and TV production sector. Proponents assert its role in ensuring industry sustainability, but critics express concerns about potential exclusion of smaller productions. The proposed legislation awaits further review and will proceed to the Georgia Senate if approved by the House before the February 29 deadline.
International
Buyers Are Back: European Film Market Wraps With Dealmaking Rebound
The European Film Market, held from February 15-21, witnessed a renewed surge in buyer interest, closing with successful deals across diverse film genres, encompassing star-driven and arthouse productions. While uncertainties persist about market sustainability and ongoing buyer selectivity, these sales signal a notable revival in the theatrical market.
DEI
Gender Equity in Film: New Study on International Representation
At the Berlin Film Festival, the "Re-Framing the Picture" study revealed slight progress in gender representation in the film industries of the U.K., Germany, and Canada. While partly attributed to gender equality policies, the slow trajectory towards equity emphasizes the need for systemic changes and stronger, financially incentivized policies.
Television
Global Turnaround: Industry Analysts See Hope for Year Ahead
Industry analysts anticipate a revitalization of the global TV drama business in 2024 following a period of stagnation. Despite a decline in TV drama commissions in the last quarter of 2023, there's optimism for increased overall spending on TV content. However, uncertainties persist about the future role of TV in events like the Berlin Film Festival due to leadership and programming changes.
Awards
Grownups Awards: AARP Spotlights Older Actors and Filmmakers
The Movies for Grownups Awards from AARP The Magazine is not only showcasing the rising influence of older actors and filmmakers in Hollywood but also often foreshadowing major Oscar nominees. This initiative emphasizes the significance of storytelling for mature audiences and aims to combat ageism in the industry.
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