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David Robb
California
California Owes Motion Picture Home $24,000 In Forgotten Funds; In Desperate Time, Lot Of Money For The Taking Needs Only To Be Claimed By Hollywood
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deadline.com
deadline.comBy David Robb Labor Editor EXCLUSIVE: At a time when every segment of our industry is struggling with layoffs and furloughs because of the coronavirus pandemic, the $9.3 billion owed to many that is just sitting there in a California state Unclaimed Property fund might well come in handy.
The state of California owes the Motion Picture & Television Fund $24,025 – money the MPTF could sorely use right now in its efforts to provide assistance to the industry’s suddenly unemployed workforce, while itself dealing with the first COVID-19 outbreak at its skilled nursing facility in Woodland Hills.
The money owed is part of the State Controller’s $9.3 billion Unclaimed Property fund, which includes some 48 million separate accounts.
Read more on deadline.com
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