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SACRAMENTO (AP) - Governor Schwarzenegger says California must increase tax incentives to movie and television studios as a way to keep them from moving their productions out of state.
He says incentives being offered by other states are luring studios away and costing California tens of thousands of jobs.
The governor's comments today came days after Walt Disney's ABC Studios said it is planning to move production of its popular ``Ugly Betty'' television show from Los Angeles to New York.
A new law there triples New York's film tax credit. Companies can receive a 35 percent credit if at least three-quarters of their production is filmed in the state.
Schwarzenegger told reporters in the state capital he has been pushing California lawmakers to approve tax incentives for the film industry for the past four years. So far, he has not succeeded. |