MSN TV Blog - TV Buzz

'Tonight Show' move will net $20 million in tax credits

Jimmy Fallon's youthful style isn't the only thing NBC will gain in New York

By Mekeisha Madden Toby Apr 24, 2013 12:37PM

'Late Night with Jimmy Fallon' '/' NBC

 

 

New York will play a big part in NBC's revamped version of "The Tonight Show."

 

Not only is it the hometown of new host Jimmy Fallon, but it marks a reunion for New York and the show, which hasn't been shot there since Johnny Carson split for Burbank, Calif., more than 40 years ago. But there's another more pecuniary benefit attached to the relocation, which will be official in February. NBC could receive more than $20 million in annual tax breaks for shooting "The Tonight Show" in the Big Apple, THR reports.

 

Bing: More on 'The Tonight Show'  | Jimmy Fallon  

 

New York's state incentives program offers a 30 percent annual tax credit for talk shows shot in front of studio audiences with at least 200 people. To qualify, the shows must also carry a production budget of at least $30 million and have been filmed outside New York for five seasons or more.

 

Plus: Left-field reality stars | 10 new gigs for Jay Leno | Reality shows that sound fake 

 

Current production costs for "The Tonight Show" are an estimated $76.5 million annually, not including the host's salary, and so a 30 percent credit would yield $22.95 million in savings. While some say shooting the show in New York would be more costly, the increase will be offset by the tax credit.  

 

NBC could receive even more credits for building Fallon's new studio and postproduction work as well as discounts on goods and services the network purchases from local businesses.

 

"The Tonight Show With Jay Leno" airs weeknights at 11:35 p.m. ET/PT on NBC. "Late Night With Jimmy Fallon" airs weeknights at 12:35 a.m. ET/PT on NBC.

114Comments
Apr 30, 2013 6:37PM
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Jimmy Fallon is so talented, very creative and genuine.

He can do it all.

Love The Roots being part of his show.

 

Apr 25, 2013 1:52AM
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NBC and GE... just another hypocritical lefty arm of the government.  Prop up the left, get the spoils. 
Apr 24, 2013 5:41PM
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Let's see.......... A 20 million dollar tax rebate per year, compliments of the current political administration of the State of New York, which is currently running a multi-billion dollar annual deficit.  Once again, the average Joe is going to take it in the (fill in the blank)

And we can't figure out what the problem is?

Apr 24, 2013 5:41PM
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Very surprised MS/NBC would run this story.

We are talking about the entertainment world......which to be honest usually is ignored by the media when talking money.
Apr 24, 2013 5:40PM
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Jay's getting a little flat.  His staff must be out of touch old farts.  Anyway, Jimmy, I'll give you a chance.  I like what you have done so far.  All the CA, fruits and nuts along with the tax breaks are but a popcorn fart in a hurricane with the crap going on in this country. Don't worry about it, Jimmy, tell the bleeding hearts, p****'s and other weirdo's to kiss your **** and go get their personal entertainment out of their mom's KY jar.  You know the ones, the ones who think "a little strange" is their right hand discovering that they were also seeing their left hand on the side.
Apr 24, 2013 5:24PM
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NY raises taes on everyone and then gives tax breaks for this.  Go figure?  Seen their latest ads on TV?  How they have cut business taxes, personel taxes, and other costs to lure businesses to NY.  Good luck, but I think most people and companies are too smart to fall for that.  NBC is in a unique position being able to take advantage of the tax credits.  Not everyone can do that.  you need the infrastructure in place in the first place.  Then, the host of the show is already in NY.  That makes it easy, and the residents of the State take it in the rear again.
Apr 24, 2013 5:23PM
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kind of a scam when you consider that Fallon is just changing the name of his show and placing it into a new time slot.  Since they are all prerecorded during the daytime hours his show now could be changed from 11:30 to 10:30.  Does this mean whomever takes his show will stay in NYC or will they move to LA for tax credits as well?  SCAM? Don't worry LA you still have Craig Ferguson and Jimmy Kimmel which are both better shows than Fallon or the Tonight Show.
Apr 24, 2013 5:18PM
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That law seems awfully specific and limited.  Hmmm.  Fallon is going to be a failure anyhow because he doesn't appeal to the early crowd.  Leno will be back in less than a year laughing all the way to the bank and back to CA. 
Apr 24, 2013 5:17PM
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Where are all the libs decrying "Big TV" and their tax "loopholes"??  I wonder if the OWS dirtbags will be flooding into the lobby of the NBC studios in NYC to protest these tax breaks for the rich?  Maybe have a sit-in?  Or bust up a few windows, deficate on the floor and other mayhem?  Yeah, I didn't think so.

Apr 24, 2013 5:14PM
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Uummm, that's just ****,

NBC can stick it where the sun don't shine.  Pay your fair share in taxes you peice of crap, and stay in L.A.  No wonder I love Letterman, and CBS.

 

Apr 24, 2013 5:08PM
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BOY YOU GOT THAT RIGHT ABOUT NANCY PEL0SI AND HER SIDE KICK MS FIENSTIEN   I JUST FIGURED CALIFORNIA DECLARED WAR ON THE REST OF THE COUNTRY TO GIVE US THEM  
Apr 24, 2013 5:00PM
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but we need an LA show?? everything is in NY. i cant believe that!! iTS ALL ABOUT MONEY!! tHE tONIGHT sHOW IS THE ONLY COOL SHOW LATE NIGHT IN THE WEST COAST!! This really sucks. There will be NO diversity!
Apr 24, 2013 4:59PM
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The same liberal thieves who passed this legislation are the same one who will tell you that "tax breaks don't work".  Where's your "Tax the rich!!!!  Make the rich pay their fair share!!" mantra now, you hypocrite, socialist scum???
Apr 24, 2013 4:54PM
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California's government has to be the worst in the country, they are bleeding companies and professionals. But no surprise, they keep electing people like Nancy Pelosi, i dont care what side of the aisle your on, you have to know she is the biggest idiot on capital hill.
Apr 24, 2013 4:51PM
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yep.. and I don't watch ANY of the late night shows.  boring talking by even more boring

"celebrities".  

 

 

Apr 24, 2013 4:49PM
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California should take note!!!  But the state govt. is tripping over a dollar to save a nickel.  They let Aerospace leave California, now the movie and television industry.  What will be left here???  Strawberries and avocados???  California is so screwed up.  They want to build a bullet train that is WAY too expensive and won't be a bullet train now.  Governor Moonbeam!
Apr 24, 2013 4:41PM
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Who said, being a strong supporter of LW politics didn't have a payoff? Having grown up in WNY I wonder what the little people will have to pay for such corporate largess from the democrat party?

 

Years ago Buffalo said they needed to collect an increased rate of local option taxes to bail the city out. Just temporary mind you. At the time the sales tax rate would go up to 8%. Visited the ol' homestead last fall and noticed that the sales tax rate was about 8.5%. Mom's property and school tax was in excess of $4 grand/year in an area of low desirability except for the Ken-Ton school district.

Apr 24, 2013 4:32PM
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NBC is being subsidized by the government. How else could they still exist?

Apr 24, 2013 4:23PM
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They forgot to calculate the loss of sponsors $$$ when all of Jay's followers will start watching Letterman....DUMB MOVE, SHOULD OF KEPT JAY!
Apr 24, 2013 4:22PM
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Just make sure no one buys a big soda, and no salt on the buffet.
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