Subsidies are in the news. Two in particular: film tax credits and EV support. It’s a sordid tale of doomed subsidy competitions among governments.
Film and movie subsidies have existed for over three decades. The blockbuster Minecraft , released April 4, had brought in US$409 million in ticket sales by May 19, almost 15 per cent of total North America sales over that period. On average in the past four decades, the top 1,000 movies have generated two to three times their production costs, a handsome return to the producers who own the intellectual property rights. Big money is clearly involved, especially for Hollywood producers.
