Local filming of TV series Riverdale boosts B.C. economy by over $60 million
While Riverdale has been a hit with audiences, a screen-industry report has found that the British Columbian economy has also significantly benefitted from the filming of the TV series.
According to an economic-impact analysis prepared by the accounting firm MNP LLP for the Motion Picture Association of Canada, the production, which is a subversive take on the high-school-based Archie Comics franchise, has spent $60.4 million over its first two seasons.
According to Warner Bros. Entertainment, the series received approximately $1.8 million in federal tax incentives with an additional $6.2 million in provincial tax incentives. For every dollar of B.C. tax incentives that the production received, there was $6.20 in economic output and $4.90 in provincial GDP.
In its first season, the show provided 1,041 jobs. Of the $22.4 million the production spent on Season 1, three-quarters of that amount covered expenditures for B.C. crews and labour while the remaining amount went to B.C. goods and services.
Thus far, the production has supported 773 vendors from 31 local communities, ranging from catering and automobile rentals to hotels and restaurants.
Additional potential impacts may include spending on infrastructure (including production facilities and equipment), tourism inspired by the show, and personal spending by cast and crew.
Shooting locations in Metro Vancouver and B.C. have included Lord Byng, Point Grey, and John Oliver Secondary Schools in Vancouver; Vancouver's Strathcona neighbourhood; New Westminster and Burnaby neighbourhoods; Alouette Lake; Maple Ridge; Fort Langley; and Mission.
The series debuted with Season 1 on January 26 with 13 episodes while Season 2 premiered on October 11 and will feature 22 episodes. The cast includes K.J. Apa as Archie, Cole Sprouse as Jughead, Camila Mendes as Veronica, Lili Reinhart as Betty, and more.
Production on Season 2 began in June 22 and is scheduled to continue until March 21.More