Sylvester Stallone, Mel Gibson, Jon Voight named Hollywood ambassadors by Trump

President-elect Donald Trump names Jon Voight, Mel Gibson and Sylvester Stallone as Hollywood "special ambassadors" as the entertainment industry increasingly chooses to film in other countries Promote domestic production of films and television programs under the circumstances.

"They will serve as my special envoys to bring back Hollywood, which has lost so much business to foreign countries over the past four years - bigger, better, and stronger than ever!" Trump told "The Truth Society" on Thursday. the post read. "These three incredibly talented individuals will be my eyes and ears and I will follow their advice. Just like the United States of America itself, this will once again be the Golden Age of Hollywood!"

The news suggests Trump may intervene to move film production out of the country to other places that offer more generous tax incentives for movies and TV shows. Other countries, including the UK, Canada and Australia, have been steadily ramping up programs aimed at attracting Hollywood productions.

One solution might be federal production tax incentives, which some industry trade groups have been lobbying for in recent years.

It's unclear what specific role the actors will play in boosting production in the country.

The news comes after Gov. Gavin Newsom signed a budget earlier this month that more than doubles the amount of tax credits provided to movies and TV shows in California, the heart of Hollywood. , from US$330 million to US$750 million per year. The expansion will bring up to $3.75 billion in tax credits to the industry over five years starting in 2025. The subsidy would be the most generous offered by any state except Georgia, which has no cap on how much it can subsidize film productions. each year.

In recent years, the UK has become one of the leading destinations for feature films. Movies filmed there last year include Jurassic World 4 (Amblin Entertainment, Universal Pictures), Next Mission: Impossible Installment (Paramount), Fantastic Four: The First Step (Disney) and Waking the Dead: Mystery of the Blade (T-Street Pictures, Netflix. Its tax incentive program aims to give production crews such as Scarlett Johansson, Tom Cruise, Pedro Pascal and Daniel Craig a cash rebate on wages, provided Yes these expenses are incurred in the UK. There is a very broad definition of qualifying expenditure, allowing expenses paid to non-UK residents to be taken into account when calculating the incentive, but the tax relief is capped at 80% of the cost.

Meanwhile, Canada and Australia have become hotspots for visual effects and post-production work, with both countries offering rebates of over 30%.

States aim to compete for Hollywood dollars by making production tax credit programs more attractive. Last year, Illinois passed an amendment allowing gaming, national talk and competition shows, and other reality shows to qualify for tax breaks.

If the government passes federal tax incentives, production companies will likely be able to stack tax credits with state subsidies.