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May 27, 2012
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M. Night Shyamalan

Hollywood Trashes Reaganomics, Yet Promises Their $35 Mil Tax Credit Will Trickle Down

By Nathan Benefield | May 28, 2010 | 10:02

Editor's Note: The following originally appeared at Andrew Breitbart's Big Hollywood.

M. Night Shyamalan’s latest film production, "The Last Airbender," was recently awarded over $35 million in film tax credits from Pennsylvania over two years.  The award is the largest in the history of Pennsylvania’s Film Tax Credit (FTC), breaking the record held by his previous project, "The Happening," which received $12 million in tax credits.  His film "Lady in the Water" also received a film production grant. The only good news is that taxpayers are only forced to subsidize these movies, not to watch them.

Pennsylvania first created a film tax credit in 2004, replaced it with a film grant program in 2006, then enacted its current $75 tax credit program in 2007, in which films can receive up to 25 percent of production costs in the form of tax credit. The state’s FTC was temporarily reduced, as the 2009 state budget agreement reduced all tax credits by 33% for three years.

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'Sixth Sense' Creator to Release Global Warming Horror Movie in June

By Noel Sheppard | May 24, 2008 | 11:04

For several months, NewsBusters has been reporting the new horror movie genre "Global Warming's Gonna Kill You!"

Entering the fray is M. Night Shyamalan, the writer/director of 1999's smash hit "The Sixth Sense."

Set to open coincidentally on Friday, June 13, "The Happening" is Shyamalan's move "to milk global warming for all the terror and despair it's worth."

So say USA Today's "Weather Guys" (emphasis added, trailer embedded right):

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