Ben Affleck Warns of Hollywood’s Decline Amid Tax Incentive Competition

LOS ANGELES, Calif. — Ben Affleck expressed concern over California‘s diminishing status as the epicenter of the film and television industry during the premiere of his movie, “The Accountant 2,” on Thursday. He criticized the state for failing to implement better tax incentives, which have drawn productions away to other states and countries.

Affleck, 52, spoke candidly about the issue on the red carpet, stating, “I think part of the problem with California is they came to take this industry for granted a little bit.” He highlighted that states like Georgia, New Mexico, Louisiana, Texas, Massachusetts, and New Jersey have been successful in attracting Hollywood projects by offering tax rebate deals that stimulate their local economies.

The actor and director acknowledged California Governor Gavin Newsom‘s proposal to double the state’s film and TV tax credits, yet he remains skeptical about its effectiveness in retaining talent and production within the state. The proposal has not yet undergone a vote by lawmakers, who are divided on its financial implications.

“Even if the expansion were enacted, the tax credits would still not make California competitive with places like England,” Affleck explained. “The percentage you get back in terms of actual budget doesn’t compete with places like England, which is why you see a lot of these big, huge movies shoot in the U.K.”

The departure of film and television projects from Los Angeles has led to a similarly troubling trend among crews and technicians. Affleck emphasized the importance of having top talent, stating, “It’s really the technicians and the crew that make or break your movie. I, as a director, know that to be true. And so if people move away, you know, that really hurts the industry.”

Affleck’s concerns echo those of other industry figures. Actor Rob Lowe voiced his frustration last month, calling California’s management of the entertainment industry “criminal.” He noted that his game show, “The Floor,” is filmed in Ireland due to lower costs: “It’s cheaper to bring in 100 people to Ireland than to walk across the lot at Fox.”

Texas has also been vocal about its ambitions to become the next Hollywood. Affleck’s remarks coincide with a push from Texas officials to attract entertainment production back to the state, with a focus on infrastructure and competitive incentives to bring back the talent that has migrated to other regions.

As California grapples with these challenges, the future of Hollywood as the heart of the entertainment industry remains uncertain. Affleck’s observations on the shifting landscape may prompt a reevaluation of how the state supports its storied film industry.