The whole tax incentive business is a big race to the bottom. Sports teams also abandon their taxpayer funded stadiums once somebody else offers a better deal.

Not that you're wrong, but I could have sworn that Marvel production was always based in the UK.

Post-production is very much still in California though.

I mean, the VFX part of the Film industry (and actual location shooting to some degree) has been chasing subsidies / tax credits since around 2002 with the Harry Potter movies that mostly were shot and produced (and more specifically the VFX were done in London, rather than in California) in the UK.

Since then Canada and the UK in particular (and NZ and Australia) have had various different fluctuations in subsidies for various parts of filming / doing post-production of movies over the intervening years.

Film in Atlanta has dropped significantly.

We had a boom from 2010-2022, but post streaming era the gravity has moved to the UK and Eastern Europe.

Why though? I thought Hollywood had their own accounting rules which always meant movies made a loss. What are they paying the tax on?