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Economic and Fiscal Impacts of Texas’ Moving Media Industry

Appendix B

The staff of the Texas Film Commission recently developed a spending scenario for the moving media industry in Texas based on an annual appropriation of $30 million. Though no specific target date is mentioned, the Commission believes that increasing funding for the moving media incentive program would generate significantly higher levels of spending and job creation. Their “pro-forma” appears below.

*FTE = Full Time Equivalent equal to 2000 Hours per Job.

FILM AND TELEVISION PRODUCTION AND JOBS (Based on $30M Annual Appropriation)
Type of ProjectTotal Texas SpendingCrew JobsWork DaysHours per DayFTE* Job MultiplierFTE Jobs CreatedCrew:FTE Job RatioTotal Texas WagesTotal Man HoursHourly SalaryAnnual Salary15% Payout (No Cap)
Low Budget Film
(< $10M)
$1,500,00012020120.12014.48.33:1$795,29328,800$27.61$55,229$225,000
Studio Budget Film
($10M - $80M)
$16,000,00025060120.36090.02.78:1$6,880,000180,000$38.22$76,444$2,400,000
Large Budget Film
(> $80M)
$40,000,000375 100120.600225.01.67:1$17,400,000450,000$38.67$77,333$6,000,000
Episodic TV$24,000,000150146120.876131.41.14:1$8,400,000262,800$31.96$63,927$3,600,000

FILM AND TELEVISION PROJECTIONS (Based on the new Incentive Program)
Type of ProjectTotal Texas SpendingCrew JobsFTE Jobs CreatedTotal Texas Wages15% Payout (No Cap)
Low Budget Film (21)$32,000,0002520302$16,701,153$4,800,000
Studio Budget (5)$80,000,0001250450$34,400,000$12,000,000
Large Budget (1)$40,000,000375225$17,400,000$6,000,000
Episodic Television Series (2)$48,000,000300262$16,800,000$7,200,000
TOTALS$200,000,00044451239$85,301,153$30,000,000

PROJECTED COMMERCIAL PROJECT PRODUCTION AND JOBS (Based on 5% Credit)
Type of ProjectTotal Texas SpendingCrew JobsWork DaysHours per DayFTE* Job MultiplierFTE Jobs CreatedCrew:FTE Job RatioTotal Texas WagesTotal Man HoursHourly SalaryAnnual Salary5% Tax Credit
Average Commercial$250,000353.5120.0210.7447.3:1$47,8561,470$32.56$65,110$12,500
Projections:
Average Commercial (625)
$156,250,000 21875459$29,910,000183,750$7,812,500
TOTALS$156,250,000218750$29,910,000183,750$7,812,500

VIDEO GAME PROJECT PRODUCTION AND JOBS (Based on 5% Credit)
Type of ProjectTotal Texas SpendingCrew JobsWork DaysHours per DayFTE* Job MultiplierFTE Jobs CreatedCrew:FTE Job RatioTotal Texas WagesTotal Man HoursHourly SalaryAnnual Salary5% Tax Credit
Low Budget Video Game$599,21215250 81.000151:1$470,61230,000$26.08$52,160$29,961
High Budget Video Game$4,644,9034325081.000431:1$2,993,00086,000$34.80$69,605$232,245

VIDEO GAME PROJECT PROJECTIONS (Based on 5% Credit)
Type of ProjectTotal Texas SpendingFTE Jobs CreatedTotal Texas Wages5% Tax Credit
Low Budget Video Game (20)$11,984,240300$9,412,240$599,212
High Budget Video Game (5)$23,224,515215$14,965,000$1,161,226
TOTALS$35,208,755515 $24,377,240$1,760,438

PROJECTED TOTAL PRODUCTION NUMBERS
Type of ProjectTotal Texas SpendingFTE Jobs CreatedTotal Texas WagesTotal Incentive
FILM & TELEVISION$200,000,0001239$85,301,153$30,000,000
COMMERCIALS$156,250,000459$29,910,000$7,812,500
VIDEO GAMES$35,208,755515 $24,377,240$1,760,438
TOTAL$391,458,7552213$139,588,393$39,572,938
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