Monday, March 20, 2006

Manitoba taxpayers losing at the film subsidy game

CBC reports:

The Prairie Production Centre began in 1999 as a private operation, with the help of $1 million in federal and provincial cash.

The centre, which provided all-weather studio space to film and television producers, was used by several high-profile movie productions, including Hollywood feature Shall We Dance? and Guy Maddin's Saddest Music in the World – but it was still mired in debt.

The NDP government bailed out the financially troubled facility in April 2005, paying nearly $1.8 million for the facility and forgiving nearly $1.3 million in loans taken out by its former owner.

But a year after the government buy-out, the centre, is still losing money. Now called the Manitoba Production Centre, the facility will lose nearly $60,000.
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This is actually chump change compared to the losses at the Regina soundstage. BTW, has anyone seen "Shall We Dance?" Shall we puke?

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