On the heels of the recent legislative session, during which state lawmakers instituted a “back end” cap on movie industry tax credits, Celtic Studios Executive Director Patrick Mulhearn booked a flight to Los Angeles and spent four days last week meeting with executives at five of the six major motion picture studios. He describes it as an amnesty trip and says the message he brought didn’t go over well.
“I think they were shocked,” he says. “To say it went over like a lead balloon would be an overstatement. It went over like the Hindenburg.”
Mulhearn declines to say exactly with whom he met, though he confirms executives at Disney/ABC have placed a moratorium on sending any new projects to Louisiana. That’s significant, Mulhearn says.
“The whole industry is based on stability, certainty and bankability,” he says. “All of that is now thrown into question.”
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