A federal tax credit would double Hollywood’s US production spend, study finds

K-EnterTech Hub | Hollywood · Policy · In depth

MPA/Olsberg study: a 20% credit lifts 2032 US spend to $34.7bn, twice the $16.9bn without it — $125.3bn and 143,500 jobs added by 2035; bill due this month

Graphic: K-EnterTech Hub

The Motion Picture Association (MPA) on Tuesday (15 September, local time) published an estimate of the economic effect of a federal film and television production incentive. The credit rate is 20%, starting in January 2027. The report projects $125.3bn (about KRW 170.3tn) in additional US production spending over 2027-2035, $249.1bn (about KRW 338.6tn) in additional gross value added (GVA, 부가가치) and an average of 143,500 full-time-equivalent (FTE, 정규직 환산) jobs a year. It was prepared by the UK screen consultancy Olsberg•SPI.