SPI Publishes US Federal Production Incentive Jobs and Economic Opportunity Report

Olsberg•SPI (SPI) has published a new study, commissioned by the Motion Picture Association (MPA) and endorsed by the US Film & TV Production Coalition. It finds that a US federal film and television production incentive that increases the share of global film and TV productions made in the US would deliver significant benefits to its economy.

The study’s economic model is based on an illustrative assumption of the US share of projected global production reaching 65%, informed by historical data and recent budget analysis. The model forecasts production spend from 2027-2035, with the results showing:

• A total of $249.1 billion in Gross Value Added (GVA) contribution from 2027 to 2035

• An average of 143,500 Full Time Equivalent (FTE) total jobs created and supported annually across the country

• A total of $133.1 billion in additional labour income from 2027 to 2035

• A total of $125.3 billion in additional production expenditures from 2027 to 2035.

The study was launched on 15th September by MPA Chairman and CEO Charles Rivkin at a virtual press conference. He was joined by Special Ambassador to Hollywood Jon Voight, Rep. Brian Jack (R-GA), Rep. Laura Friedman (D-CA), Directors Guild of America (DGA)’s Thomas Schlamme, International Alliance of Theatrical Stage Employees (IATSE)’s Matt Loeb, Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA)’s Sean Astin, and Teamster’s Sean O’Brien.

Download the full report here.

The report was also covered by Deadline, The Hollywood Reporter, and Variety.

For more information on this study, please contact SPI Consultant Joe Stirling Lee at joe@o-spi.com.

Further information on SPI’s Economic Impact Assessment work can be found here.