Governor Andrew Cuomo recently announced that New York State and Marvel Studios have reached an agreement that will extend Marvel's upcoming original TV show "The Defenders." The show, which follows the story of individual superheroes who join forces to defeat the villainous organization The Hand, will add an additional 75 episodes to the initial 60 episodes already planned to be filmed in New York City.
Additional episodes are not only good news for the film industry and fans but for the New York economy as a whole. The new episodes add to the benefits of New York's state film tax credit for production companies that operate in the state. The tax credit has already helped spur $17 billion of economic activity and helped employ over a million jobs since 2011. The explosion of economic activity in the film industry benefits a wide range of neighbor industries, including clothing and arts. In addition, the production activity also impacts small businesses including local restaurants, which help feed hundreds of people that operate a production everyday. The impacts and benefits of the film industry spread to small and large businesses alike.
With the tax credit to extend until 2022, New York City is sure to maintain a booming film industry and create business for those who service the film industry.