Sweeter New York Film & TV Production Tax Breaks Official As State Budget Passes, But Timing’s A Bummer
deadline.comNew York lawmakers finally signed off on Gov. Kathy Hochul’s state budget including significant sweeteners for film and TV production in a package that now runs through 2034 — the day after the WGA went on strike, ushering a period of grave uncertainty for the entertainment industry.
The writers strike is attracting headlines and attention with ripple effects already spreading across media and entertainment, including production.
Hundreds of writers joined the guild’s first picket line yesterday in midtown Manhattan outside of a presentation by NBCUniversal’s Peacock streaming service.
Other action is planned over the next few weeks after the WGA’s three-year contract with the AMPTP (Alliance of Motion Picture and Television Producers) expired Monday night without a new deal in place, and the sides seemingly far apart.
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