Hollywood production in Canada sees modest climb back
By Etan Vlessing
TORONTO (Hollywood Reporter) - With Hollywood production in Canada rebounding, on-location production north of the border rose a modest 1% to $4.9 billion.
The latest production figures from the Canadian Media Production Association, representing major indie producers, indicates foreign location and service production reached $1.51 billion in 2010, up 4% from year-earlier levels, but still well down from a peak for Hollywood North of $1.91 billion in 2003.
Local Canadian production reached $2.29 billion last year, up 1% from $2.27 billion in 2009.
Last year's modest recovery in foreign location shooting and service production came despite a surging Canadian dollar, compared to the American greenback, and stiff competition from rival locales south of the border with lucrative tax credits increasingly on offer to Los Angeles producers.
The recovery was also mostly concentrated in and around Vancouver, where yo-yoing Hollywood movie production activity reached $485 million spent locally in 2010.
Those numbers are up from a trough of $248 million in 2009, but still down from $662 million for Hollywood feature film budgets dropped locally in 2008.
Recent Hollywood credits for British Columbia include the "Twilight Saga: New Moon" and "The A-Team," and network TV series like "Smallville," "Psych" and "Eureka."
The high water mark for Hollywood production in Canada was 2003 when total budgetary spending by Los Angeles producers reached $1.91 billion. Continued...