Newspaper article THE JOURNAL RECORD

Film, Video Industry Has $50 Million State Impact

Newspaper article THE JOURNAL RECORD

Film, Video Industry Has $50 Million State Impact

Article excerpt

An impact of $50 million from the film and video industry was made on Oklahoma's economy in 1987, according to the annual report of the Oklahoma Film Office.

That figure was a $30 million or 150 percent increase over the $20 million impact felt from the film and video industry in 1986.

"These figures underscore the importance of the film industry to the state of Oklahoma," said Don Paulsen, secretary of commerce. "I strongly believe that the film industry is a growth industry for Oklahoma and we must build on our successes."

The report was prepared from responses to surveys the office sent out to Oklahoma production companies, television stations, advertising agencies, in-house video departments and other related companies.

The 90 responses were analyzed by Dr. Neil Dikeman Jr., associate director of the Center for Economic and Management Research at the University of Oklahoma. Dikeman also analyzed results of the 1986 report.

The report noted that there were a larger number of surveys sent out in 1987. In 1986, there were 67 responses to 268 surveys.

More in-house corporate video staffs and religious production companies were surveyed for the 1987 report than in the previous year, but even taking this into account, the report states the $50 million figure represents "a significant increase in the film and video activity and its impact on Oklahoma's economy."

The majority of gross revenue - 57 percent - was generated by contracts the respondents had with out-of-state companies for film and video production. Only 44 percent of gross revenues came from that area in 1986. …

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