Quebecor implores political parties to keep production services tax credit

MONTREAL – Quebecor is urging all of Quebec's political parties to formally commit to maintaining the province’s film or video production services tax credit and to support the local production industry.With the Quebec general election now days away, Quebecor president and CEO Pierre Karl Péladeau said his company is seeking “fiscal predictability” in order to move forward with a $40 million investment to build new MELS studios to keep up with demand for production space.Noting that the 23 foreign films shot in Quebec last year generated direct expenditures of $383 million, up 28.5% from 2016 and 440% from 2009, Péladeau said that Quebec currently...