Current:Home > NewsFilm and TV crews spent $334 million in Montana during last two years, legislators told -Global Finance Compass
Film and TV crews spent $334 million in Montana during last two years, legislators told
View
Date:2025-04-15 21:21:28
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
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 3 killed after semitruck overturns on highway near Denver
- Fubo convinces judge to block Disney sports streaming service ahead of NFL kickoff
- Nordstrom Rack's Back-to-School Sale: Score Up to 82% Off Free People, Marc Jacobs & More Before It Ends
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Virginia attorney general denounces ESG investments in state retirement fund
- Horoscopes Today, August 16, 2024
- Texas couple charged with failing to seek medical care for injured 12-year-old who later died
- Highlights from Trump’s interview with Time magazine
- Tribe and environmental groups urge Wisconsin officials to rule against relocating pipeline
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Ex-Alabama officer agrees to plead guilty to planting drugs before sham traffic stop
- Did Dakota Johnson and Chris Martin Break Up? Here’s the Truth About Their Engagement
- Lily Collins has found ‘Emily 2.0’ in Paris
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- US prosecutors aim to try Mexican drug lord ‘El Mayo’ Zambada in New York, then in Texas
- Evers’ transportation secretary will resign in September to take job at UW-Madison
- Babe Ruth jersey could sell for record-breaking $30 million at auction
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Florida school psychologist charged with possessing and distributing child sexual abuse material
Jordanian citizen charged for attacking Florida energy plant, threats condemning Israel
Ryan Reynolds Reacts to Deadpool's Box Office Rivalry With Wife Blake Lively's It Ends With Us
The company planning a successor to Concorde makes its first supersonic test
Could Alex Murdaugh get new trial for South Carolina murders of wife and son?
Fubo convinces judge to block Disney sports streaming service ahead of NFL kickoff
Trans teens file lawsuit challenging New Hampshire law banning them from girls’ sports