Current:Home > MyFilm and TV crews spent $334 million in Montana during last two years, legislators told -TradeCircle
Film and TV crews spent $334 million in Montana during last two years, legislators told
View
Date:2025-04-19 12:10:55
Film and TV companies spent $334 million in Montana over the past two years, according to numbers released to state legislators.
Television, including the filming of the “Yellowstone” franchise, was the big contributor with $275.7 million spent between July 2022 and May 2024.
“Obviously very big numbers,” said Gina Lavery, of Econsult Solutions, Inc., an analyst hired by the state. “These are honestly double what we saw the previous cycle, which makes sense because of the number of large television series that had taken place here.”
Roughly $60 million went to payroll for Montana employees. Over two years 510 full-time Montana jobs were created directly by film and TV work, with another 810 jobs indirectly created.
Another $90.4 million was spent locally on production; the biggest chunk, $184 million, went to Hollywood talent.
Over two years ending in May, 37 Montana counties had some interaction with the 167 productions in the state. Independent features were a distant second to television programming, with $35.3 million in activity.
Lavery gave her report on Monday to the Legislative Interim Revenue Committee, which was mostly interested in whether Montana’s $24 million film tax credit program was attracting business.
“If there was no tax credit, you know, there’s still film production here. So it’s not a matter of $24 million worth of credits, compared to the 22-point something of benefits,” said Sen. Paul Fielder, a Republican from Thompson Falls. “I just wonder, without a tax credit, would we still be receiving economic benefits? I think we would just be some reduced amount.”
Tax credits have been in play since the 2019 Legislature and are available for productions through 2029. The incentives are a grab bag of perks: a 25% tax credit for hiring Montana crew members, 15% for non-resident crew and 30% for Montana university students working for the college credit. Actors, directors and writers are worth a tax benefit of 20%.
There have been rumors about filmmakers pulling out of Montana once the state’s film credits were exhausted. Lynn-Woods said the production of “1923,” the “Yellowstone” prequel featuring Helen Mirren and Harrison Ford, likely relocated from Butte to Texas as Montana tax incentives maxed out and Texas offered a better deal.
“Well, I can’t speak directly for them because I’m not part of the production, but I know that it would have been much easier for them to stay in Butte to finish that part,” Wood-Fields said. “And it very much is a result of our tax incentives, because we are completely out so there’s no guarantee for them.
In Montana, the tax credits aren’t paid out until the producers offer receipts for their expenditures, but what’s available for new projects is based on projections. The total net loss to state revenue to tax credits is estimated to be $6.2 million.
___
This story was originally published by Montana Free Press and distributed through a partnership with The Associated Press.
veryGood! (9)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- New Documents Unveiled in Congressional Hearings Show Oil Companies Are Slow-Rolling and Overselling Climate Initiatives, Democrats Say
- This Program is Blazing a Trail for Women in Wildland Firefighting
- Inside Clean Energy: Explaining the Record-Breaking Offshore Wind Sale
- The Super Bowl could end in a 'three
- The Largest U.S. Grid Operator Puts 1,200 Mostly Solar Projects on Hold for Two Years
- California Had a Watershed Climate Year, But Time Is Running Out
- A Houston Firm Says It’s Opening a Billion-Dollar Chemical Recycling Plant in a Small Pennsylvania Town. How Does It Work?
- Meta releases AI model to enhance Metaverse experience
- Sky-high egg prices are finally coming back down to earth
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- ‘It Is Going to Take Real Cuts to Everyone’: Leaders Meet to Decide the Future of the Colorado River
- Warming Trends: A Comedy With Solar Themes, a Greener Cryptocurrency and the Underestimated Climate Supermajority
- Is the debt deal changing student loan repayment? Here's what you need to know
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Can ChatGPT write a podcast episode? Can AI take our jobs?
- The first debt ceiling fight was in 1953. It looked almost exactly like the one today
- Amazon must pay over $30 million over claims it invaded privacy with Ring and Alexa
Recommendation
B.A. Parker is learning the banjo
These Secrets About Grease Are the Ones That You Want
Hollywood writers still going strong, a month after strike began
Grimes used AI to clone her own voice. We cloned the voice of a host of Planet Money.
Meta donates $1 million to Trump’s inauguration fund
Need a job? Hiring to flourish in these fields as humans fight climate change.
'Los Angeles Times' to lay off 13% of newsroom
How ending affirmative action changed California