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The VFX industry constantly chases the tax incentives. Every state (and many major cities) with any exposure to the movie industry have tax incentives that subs
by thephyber 3y ago
The VFX industry constantly chases the tax incentives. Every state (and many major cities) with any exposure to the movie industry have tax incentives that subsidize this industry. I did a quick search on News.Google for articles about VFX and tax incentives -- dozens of articles per year discussing where the new tax incentives are and which countries feared losing their foothold in the industry because their tax incentives were not racing to the bottom quick enough.
Also, the bidding per scene is difficult for VFX houses and their employees as scenes are qualitatively (and quantitatively) different. The VFX houses want to continue to get business from the studios, so they put all of the pressure on the artists without pushing back on requirements from the studios.
I'm curious if there is jurisdiction triage in a contract like this (where the studio is in a state which may be bound by strong union laws, but the contracted VFX houses may be in states that do not enforce union laws/contracts). If so, a unionized VFX industry in the US might just chase most future contracts from {US, Canada, EU, UK} towards {East Asia, SouthEast Asia}.