Looks like Warner Bros are very good for business – if you are in LA County.
According to figures released by the studio, Warner Bros spent $4.08 billion dollars in the region in 2010.
The money, first reported by the LA Times, broke down to $2.4 billion on pay to LA County citizens and $1.58 billion on goods and services.
Broken down to some specifics, Warner Bros spent $18 million locally on adverting material, $3.4 million on building supplies, $2.4 million on catering and other food and, getting back in production directly, $142.5 million on editing and postproduction services.
Overall Warner spent $550 million in Burbank alone.
The 2010 $4.08 billion figure is up from the $3.93 billion Warner Bros spent locally in 2006 and from 1999’s $3.16 billion.
The research was released by the studio an insider tells Deadline in part to show politicians debating tax incentives for filming in California just how much studio like Warner Bros actually contribute to the city and the area.
A two year extension of California’s $100 million annual state incentive is presently moving its way through the Sacramento legislature.
There are an estimated 9,889,056 people living in LA County according to the U.S. Census Bureau.
Despite a layoffs and drop in flick production (from 22 flicks made on Warner Bros’ Burbank lot in 2006 to 10 in 2011), increased TV production, especially on cable and WBTV’s own ...... See Complete Article @ Deadline Hollywood