BC Economy: Film Industry - "I spoke to two Producers in the past few days who both said they can’t compete on budgets because of the dollar. The fixed costs in the industry are geared more towards an 80-85% dollar."

junius at greaterfool.ca 18 Mar 2010 11:54 am -

“The rising dollar is already starting to take its toll here in B.C. Our film industry has taken a kicking over the past few years because of incentives offered in other jurisdictions including Quebec and Ontario but also in the US in states like Michigan and Louisiana. The BC gov’t just increased the incentives to try and match, but it is too late. I spoke to two Producers in the past few days who both said they can’t compete on budgets because of the dollar. The fixed costs in the industry are geared more towards an 80-85% dollar. Due to the high number of union agreements the industry is not very nimble, particularly at the high end. The rise in the dollar will pretty much kill the Spring/Summer season in the industry here in B.C.”