New York City’s film and television industry generated $64 billion in direct economic output in 2019, $12.2 billion in wages and 100,000 jobs, and production – led by TV – is ramping back to pre-pa…
“On average, we have the same number of shows pre-pandemic. It’s really busy. We have 34 or more projects filming in August in TV, and we are starting to see some feature films coming back,” del Castillo said in an interview with Deadline. “My hope is that the report shows people what we had, and what we are working back towards. The industry has an impact that is beyond itself.” She leads the Mayor’s Office of Media and Entertainment, or MOME.
She’ll be the city’s first female governor, which Castillo heralded, otherwise declining comment on upcoming shifts in city or state administrations and potential impact on film and television. The industry’s economics say it all, she noted. The tax credit currently runs through 2025. The report may serve as a handy tool for lawmakers when it comes up for renewal.
Motion picture and video production in 2019 provided 46,700 jobs , $4.7 billion in wages and $14.9 billion in economic output . Subscription programming provided the biggest chunk of output, at 43% — up by 50% from 2012. Its jobs are the highest paying in the industry, with an average annual wage of $222,000, more than double the citywide average, due to the concentration of corporate execs and staff at companies in the city.
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