Netflix Chief Content Officer Ted Sarandos told Wall Street analysts today that Maryland officials are engaged in “ongoing negotiations” to keep House Of Cards production in the state — even though lawmakers didn’t approve the tax breaks producer Media Rights Capital wants. “I would anticipate that these are overcome-able issues,” he says. The Netflix exec says that the state benefits from “staggering” benefits including “hundreds of jobs, and not just for actors.” The controversy has become a political volleyball, he said, though he was careful to note that Maryland “has been great for the show” and that “investors and fans are not at risk in any way.” MRC, which had planned to start shooting the third season of the D.C.-set drama in early spring, received about $26M in Maryland tax credits for its first two season, according to reports. The production company has been seeking a tax credit for Season 3 in line with Season 2′s $15 million. But that would require the Legislature to raise the total credits for all shows — including HBO’s Veep — to $18.5M from $15M. Those favoring the increase were unable to secure the votes they needed.
Netflix Says Maryland Dispute Over ‘House Of Cards’ Tax Breaks Is “Overcome-able”
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