Its Numbers Healthy, Film Industry Cut From Stimulus Bill

“The motion picture industry’s record-setting month at the box office may have cost it $246 million in tax breaks, as the Senate on Tuesday stripped a provision from the economic stimulus bill that critics derided as an unnecessary Hollywood bailout. In denying the tax breaks on new film projects, senators cited the $1.03-billion haul from movie ticket sales in January, a 19% year-over-year increase,” though the Motion Picture Assn. of America argues that the reality isn’t so rosy.