If you’re in New York for any amount of time, it’s hard to miss the fleets of production trucks and food service vans throughout the city.
If you think you’ve seen more and more production trucks and busy crews on our sidewalks, you won’t be surprised to hear in a just released independent report notes that a steady increase in filmed entertainment means it now brings some $8.7 billion into the city and state economies.
Mayor Bill de Blasio, Deputy Mayor Alicia Glen, and Media & Entertainment Commissioner Cynthia López joined in on the announcement today at City Hall. They were happy to point out phrases such as this, in the study’s introduction: “Since our last report in 2012 the industry in New York City has seen a period of steady growth, particularly in sub sectors like scripted TV series which offer long-term and predictable employment.”
You can read and download the full report in its PDF format here.
It’s not only TV that’s ringing the bell. Theater is fine with strong growth in revenue and steadily growing employment. Meanwhile “big-tech players” including Facebook, Twitter and Google have all expanded their locally-based sales and marketing teams.
Another line of the report, created by the Boston Consulting Group, notes that New York is one of only three cities in the world (LA and London are the other two) with a film community “large enough to enable a production to be made without needing any roles to be brought in from outside – cast, ATL or BTL.”
(ATL or Above the Line costs are those that are spent prior to filmmaking. You’ll find costs for screenplay rights and salaries of top talent (actors, directors, producers) here. BTL or Below the Line costs include salaries of support staff and talent. This includes all production costs – catering, studio, lighting, etc.)
Good news, indeed!