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Thursday, October 01, 2009

FromDC2Iowa: Iowa subsidizes the movie industry -- A good idea?

Excerpted from this post at FromDC2Iowa

Movies Are Getting More Expensive, And It's Not Just the Ticket and
Popcorn Prices ... Now I don't mean to minimize the outrageous prices
we're charged for popcorn at the movies. And if you're curious as to
how much profit a movie theater can make from 11 cents worth of
popcorn see my earlier analysis ... But it turns out we're spending
millions of dollars of our own money making those movies. And since it
now turns out some of those millions are going to private cars for the
movie makers and iPhones for their kids, questions are being asked
about the wisdom and generosity of Iowans paying 50% of the cost of
movies made in this state -- by far the most generous program of any
U.S. state, even if it all went into movie costs.

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Mike Schramm
Andy Szal

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