Hollywood agencies and independent producers back US film tax incentive

A coalition of Hollywood talent agencies and independent producers has endorsed a proposed United States tax incentive for film and television production. The alliance, which announced its existence last week, includes independent production houses Blumhouse, Imagine Entertainment, and MRC.
Members of the group will advocate for specific adjustments to ensure the tax credit remains more favorable for independent entities. Introduced in Congress in September, the federal tax credit bill features a 5% bonus for independent productions.
Under the current proposal, an independent producer is defined as any company that is not publicly traded. Agents and producers also campaigned for legislation requiring streaming platforms to purchase 50% of their original content from independent production firms.
This proposed legislation would also impose time limits on exclusivity windows for such content. The coalition plans to pursue its specific legislation through a separate path during the next Congress.






















