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  • 6 months ago
Marvel Studios has shifted major productions from Georgia to the United Kingdom, cutting into the state’s film economy, according to The Wall Street Journal. The move comes despite Georgia’s generous tax credits, as lower labor costs and fewer obligations, such as health insurance, abroad make the U.K. more cost-effective. The transition began with Fantastic Four: First Steps and will include upcoming Avengers and Spider-Man titles filmed at Disney’s London facilities. Georgia production spending has fallen by nearly half in the past three years as Hollywood turns to cheaper international markets to cut streaming losses. Looking ahead, Disney plans fewer Marvel films, with two scheduled for 2026 and one for 2027, including new Avengers installments.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Marvel Studios has shifted major productions from Georgia and the United Kingdom,
00:05cutting into the state's film economy, according to the Wall Street Journal.
00:08The move comes despite Georgia's generous tax credits,
00:10as lower labor costs and fewer obligations,
00:13such as health insurance abroad, make the UK more cost-effective.
00:16The transition began with Fantastic Four First Steps,
00:18and will include upcoming Avengers and Spider-Man titles
00:20filled at Disney's London locations.
00:23The change of production spending has fallen by nearly half in the past three years,
00:26as Hollywood turns to cheaper international markets to cut streaming losses.
00:29Looking ahead, Disney plans fewer Marvel films,
00:32with two scheduled for 2026 and one for 2027,
00:35including new Avengers installments.
00:37For all things money, visit Benzinga.com.
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