Tax Credits Lure America's Got Talent To New York
The biggest of the summer shiny-floor shows is moving onto the biggest shiny floor of all -- Radio City Music Hall. NBC announced on Wednesday that its America's Got Talent will be heading to the New York venue when live episodes of the contest begin airing on July 23. The premiere is scheduled for June 4. In a statement, Paul Telegdy, NBC's president of alternative and late-night programming, said, Many of America's greatest performers have graced this legendary stage, and now AGT will have the rare opportunity to discover greatness in this renowned venue. This move ... takes the show to a new and even more exciting level. Today's (Thursday) New York Daily News said that the show was lured to New York in part by what is being called the new Jimmy Fallon tax credit. Under it, production companies can receive a tax credit equal to 30 percent of their production costs if they relocate to New York after having shot their shows in another state for at least five seasons. In a statement, New York Governor Andrew Cuomo said that the relocation of AGT to New York will result in the creation of 500 jobs and more than $100 million in economic activity each season.