THR: New York Film Industry Blowing Up

Here's a quickie: The Hollywood Reporter's Gregg Goldstein got his hands on an economic report detailing the impact of the film industry on New York State. And while everyone knew it was good, nobody knew it was quite this good:

(T)he economic impact of film, television and commercial production in the state totaled an estimated $13.3 billion in 2005, more than double the $5 billion often cited by government officials. ... (The report) also found that for every 100 direct entertainment industry jobs, an additional 210 peripheral jobs are created, one of the largest "multiplier effects" among any industry in the state. City and state tax credits along with investments in soundstage capacity drove growth in the entertainment industry up considerably in 2005 from third-quarter 2004.

Then there was the bad news: Commercial gigs are down with ad agencies spreading out between Los Angeles and London (not that I really noticed the difference around Reeler HQ; I've been muting that shit for years). And don't forget your grain of salt: The report was commissioned by a coalition of l"ocal-based production companies, vendors, trade associations and labor unions" along with the New York City Council and other elected officials. Not that the numbers are wrong or anything. I'm just saying.

In any case, here's to "peripheral jobs," among which I suppose The Reeler should count itself. What a breakthrough; my chest all but collapses with pride.

Posted at October 24, 2006 1:20 PM