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.
| Type of Project | Total Texas Spending | Crew Jobs | Work Days | Hours per Day | FTE* Job Multiplier | FTE Jobs Created | Crew:FTE Job Ratio | Total Texas Wages | Total Man Hours | Hourly Salary | Annual Salary | 15% Payout (No Cap) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Low Budget Film (< $10M) | $1,500,000 | 120 | 20 | 12 | 0.120 | 14.4 | 8.33:1 | $795,293 | 28,800 | $27.61 | $55,229 | $225,000 |
| Studio Budget Film ($10M - $80M) | $16,000,000 | 250 | 60 | 12 | 0.360 | 90.0 | 2.78:1 | $6,880,000 | 180,000 | $38.22 | $76,444 | $2,400,000 |
| Large Budget Film (> $80M) | $40,000,000 | 375 | 100 | 12 | 0.600 | 225.0 | 1.67:1 | $17,400,000 | 450,000 | $38.67 | $77,333 | $6,000,000 |
| Episodic TV | $24,000,000 | 150 | 146 | 12 | 0.876 | 131.4 | 1.14:1 | $8,400,000 | 262,800 | $31.96 | $63,927 | $3,600,000 |
| Type of Project | Total Texas Spending | Crew Jobs | FTE Jobs Created | Total Texas Wages | 15% Payout (No Cap) |
|---|---|---|---|---|---|
| Low Budget Film (21) | $32,000,000 | 2520 | 302 | $16,701,153 | $4,800,000 |
| Studio Budget (5) | $80,000,000 | 1250 | 450 | $34,400,000 | $12,000,000 |
| Large Budget (1) | $40,000,000 | 375 | 225 | $17,400,000 | $6,000,000 |
| Episodic Television Series (2) | $48,000,000 | 300 | 262 | $16,800,000 | $7,200,000 |
| TOTALS | $200,000,000 | 4445 | 1239 | $85,301,153 | $30,000,000 |
| Type of Project | Total Texas Spending | Crew Jobs | Work Days | Hours per Day | FTE* Job Multiplier | FTE Jobs Created | Crew:FTE Job Ratio | Total Texas Wages | Total Man Hours | Hourly Salary | Annual Salary | 5% Tax Credit |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Average Commercial | $250,000 | 35 | 3.5 | 12 | 0.021 | 0.74 | 47.3:1 | $47,856 | 1,470 | $32.56 | $65,110 | $12,500 |
| Projections: Average Commercial (625) | $156,250,000 | 21875 | 459 | $29,910,000 | 183,750 | $7,812,500 | ||||||
| TOTALS | $156,250,000 | 21875 | 0 | $29,910,000 | 183,750 | $7,812,500 |
| Type of Project | Total Texas Spending | Crew Jobs | Work Days | Hours per Day | FTE* Job Multiplier | FTE Jobs Created | Crew:FTE Job Ratio | Total Texas Wages | Total Man Hours | Hourly Salary | Annual Salary | 5% Tax Credit |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Low Budget Video Game | $599,212 | 15 | 250 | 8 | 1.000 | 15 | 1:1 | $470,612 | 30,000 | $26.08 | $52,160 | $29,961 |
| High Budget Video Game | $4,644,903 | 43 | 250 | 8 | 1.000 | 43 | 1:1 | $2,993,000 | 86,000 | $34.80 | $69,605 | $232,245 |
| Type of Project | Total Texas Spending | FTE Jobs Created | Total Texas Wages | 5% Tax Credit |
|---|---|---|---|---|
| Low Budget Video Game (20) | $11,984,240 | 300 | $9,412,240 | $599,212 |
| High Budget Video Game (5) | $23,224,515 | 215 | $14,965,000 | $1,161,226 |
| TOTALS | $35,208,755 | 515 | $24,377,240 | $1,760,438 |
| Type of Project | Total Texas Spending | FTE Jobs Created | Total Texas Wages | Total Incentive |
|---|---|---|---|---|
| FILM & TELEVISION | $200,000,000 | 1239 | $85,301,153 | $30,000,000 |
| COMMERCIALS | $156,250,000 | 459 | $29,910,000 | $7,812,500 |
| VIDEO GAMES | $35,208,755 | 515 | $24,377,240 | $1,760,438 |
| TOTAL | $391,458,755 | 2213 | $139,588,393 | $39,572,938 |