Regional Economic Impacts in Massachusetts of Castle Rock’s First Season
MPC has released a first-of-its-kind study that quantifies the economic impact in Massachusetts from the filming of a single season of an episodic television and streaming production. Produced by Warner Brothers for Hulu in 2017-2018, Castle Rock was the first major scripted episodic-series to film in the state in over 25 years.
We're pleased to share with you the findings of this valuable report.
The study, conducted by Industrial Economics Inc (IEc), analyzes the "Regional Economic Impacts in Massachusetts of Castle Rock's First Season". This report demonstrates the significant and widespread impact that film production has in Massachusetts, especially in the growth of episodic TV and streaming series filming in the state..
Among its key findings, the study concludes this one season of a series production:
Created 1,026 jobs
Generated $69 million in economic activity
Saw monies spent in 210 cities and towns across the state
Generated $4.73 of economic activity for each $1 of tax credit issued by the state
View the impact study and related materials.
As this report demonstrates, the local film and television industry is poised to be a catalyst in the state’s economic recovery.
The report was commissioned by Massachusetts Production Coalition, with permission and data provided by Warner Brothers. The report was released on October 21st, by virtual conference to state legislators, their staff, and members of the press. The study's findings and project oversight were reported by Chris O'Donnell, Business Manager of IATSE Local 481 and MPC's Advocacy & Public Policy chair. A panel including New England Studios, and local workers from IATSE Local 481 and SAG-AFTRA, participated in sharing the production's personal impact. The briefing was supported with remarks by Senators Michael Moore and Paul Feeney, and Representatives Tackey Chan and Natalie Higgins.
We hope the report's findings will offer lawmakers a fresh perspective in analyzing the economic impact of the film and television tax incentive program – and that it will encourage them to remove the pending sunset of the state’s production incentive, allowing this industry to continue creating jobs and generating spending to local businesses.
Thank you for your continued support of these efforts.
