Former Los Angeles Mayoral candidate Spencer Pratt reportedly met with President Donald Trump about film tax incentives as Paramount pledged to release 30 movies in theaters a year if it should acquire Warner Bros.
Pratt said last Friday that he met with President Trump to lobby for a federal tax incentive to keep filming in Los Angeles and the United States.
“Working with the President on a 25% FEDERAL film tax credit to bring back Hollywood,” Pratt said in a Friday Instagram post. “While Gavin Newsom’s commissioner is actively outsourcing production jobs to Hungary, and his rogue AG is trying to destroy CA production companies, the adults in the room are actually trying to repatriate the most quintessential American industry.”
“Paramount has offered three-year agreements to AMC Entertainment Holdings Inc. and Cineworld Group’s Regal Cinemas, the world’s two largest theater chains, requiring it to release the films exclusively in theaters for at least 45 days, according to the people, who asked to not be identified because the agreements are private. The films would also not be available to stream online for at least 90 days,” it added.