NC H171

Reduces minimum qualifying expenses for feature-length films from $5 million to $1 million and increases minimum for television series from $250,000 to $1 million per episode.

Increases maximum grant amounts to $10 million for theatrical feature films and $2 million for television/video productions, up from $5 million caps.

Appropriates $66 million in recurring General Fund dollars to the Film and Entertainment Grant Fund for fiscal year 2015-2016.

Allows the Secretary of Commerce to enter into binding five-year agreements with production companies without requiring additional General Assembly appropriations.

Clarifies that productions can be distributed through cable, broadcast, digital video discs, and online sources in addition to traditional theatrical and television viewing.