Michigan to give Warner Bros. huge subsidy, despite record profits

By Tom Gantert | Michigan Capitol Confidential

While Michigan taxpayers prepare to dole out $35 million to Warner Bros. for the filming of the expected blockbuster Superman-Batman movie sometime early in 2014, the company could be in for record profits.

In 2012, Warner Bros. had an operating income — profits that exclude interest and income tax expenses — of $1.2 billion, according to The Hollywood Reporter. That’s about the same amount the state of Michigan gives in general fund dollars to higher education and community colleges.

Warner Bros. is projected to spend $131 million in Michigan while filming the Superman-Batman movie, according to the Michigan Film Office.

at Michigan Capitol Confidential.

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