The Economic Impact of “Argo”: 90 Days and $31 Million

The Economic Impact of “Argo”: 90 Days and $31 Million

from: FilmWorksLA.com

From August to November 2011, Ben Affleck’s Argofilmed in Los Angeles and spent $31,049,818.  Filming locations in the Los Angeles area included a Veterans Affairs facility in North Hills (depicted as the U.S. Embassy in Tehran), a private home in Hancock Park (Canadian ambassador’s house), Ontario International Airport (Tehran airport), Los Angeles Times building (CIA headquarters), Zsa Zsa Gabor’s home in Beverly Hills (home of Hollywood producer Lester Siegel) and the SmokeHouse Restaurant in Burbank, which played itself.

One of the major reasons Argo filmed in California rather than another state or nation is that it was one of the few productions that qualified for the California Film & Television Tax Credit.  While a portion of the story is set in Los Angeles, that did not mean the film would have “shot here anyways,” which is a false belief held by critics of the state’s film incentive.  After all, Battle: Los Angeles was made in Louisiana.   The California Film & Television Tax Credit allowed California to benefit from jobs and spending, not another state or nation.

The following is a detailed breakdown of how Argo spent $31 million in California in just 90 days:

Hotel/Housing (ATL & BTL)

$210,053

Car rentals:

$42,467

Catering, bakery goods & other food items

$475,747

Hardware & lumber supplies

$441,663

Secretarial personnel, equipment (Xerox, phones etc)

$70,957

Local wardrobe purchased

$401,738

Dry cleaning

$71,037

Gasoline

$182,156

Location fees-Total

$1,430962

City, county and other governmental permit fees

$34,303

Off-duty personnel (police, fire etc)

$71,968

Local cast & extras hired

$3,028,975

Local security hired

$327,917

Per Diem payments

$23,385

Local hires (carpenters, electricians etc.)

$18,888,098

Other rentals

$3,620,466

Other purchases:

$1,809,420

GRAND TOTAL SPENT:

$31,049,818

Days on location:

Prep/construction: 67; Shoot: 48; Wrap/strike: 17

Number of Local Hires:

Cast: 157; Crew: 732; Extras (in man/days): 3,326

 

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