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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: Huge Hollywood prop house closing after 40 years Reuters - Tuesday, July 21 By Dan Whitcomb ADVERTISEMENT LOS ANGELES - Hollywood's second-largest prop house is going out of business with its owner saying he has fallen victim to film and TV production leaving California for other U.S. states that lure producers with tax incentives and fewer restrictions. 20th Century Props is closing its doors for good at the end of July and auctioning off a collection of 93,000 props from such films as "Cleopatra" and "Titanic", as well as TV's "The X Files" and "Golden Girls" and music videos from Michael Jackson, Britney Spears and Madonna. "I ran out of money about three months ago. The Hollywood business is leaving town and going to various other states," 20th Century's owner, Harvey Schwartz, told Reuters. "I'm broken hearted," he said. "I've built this huge company that is a one-of-a-kind company that can fulfill Hollywood's needs like no other." Schwartz has run 20th Century Props for 40 years, claiming to be the second-biggest prop house in the world and the largest under one roof, a 120,000 square foot warehouse in suburban North Hollywood near Universal Studios. He said business been slowing down for years as productions left California for Canada and other states that offered tax credits and eased rules about filming. "They are also offering really low prices on filming on the streets and filming permits, where California raised the prices last year," he said. Schwartz said he diversified a few years ago, going into parties and events, but "then last November the economy took a nosedive and everybody canceled their parties and events for the holidays." Governor Arnold Schwarzenegger in February signed a law creating the first-ever tax credits for film and TV productions in California. But they don't take effect until 2011 and Schwartz said that's too late to save his business. "Hollywood is Hollywood and we'll never lose that cachet, but Hollywood represents the past," he said. The auction runs July 28 through Aug 1 at Schwartz's warehouse in North Hollywood, followed by an online sale. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Hollywood Huge Hollywood prop house closing after 40 yearsReuters - Tuesday, July 21 Michael Jackson movie in worksAFP - Tuesday, July 21 AEG Live negotiates for Jackson documentary: reportReuters - Monday, July 20 'Wonderful Life' actor Stewart makes Aviation HallAP - Sunday, July 19 Related Articles: Entertainment & Lifestyle SAfrican child star - from township to red carpetAFP - Tuesday, July 21 Guthrie ends fiscal year with slight deficitAP - Tuesday, July 21 Capsule reviews: `Shrink' and other filmsAP - Tuesday, July 21 Group forms to head off Neverland developmentAP - Tuesday, July 21 Fla. man sued over Batman character figurinesAP - Tuesday, July 21 Related Full Coverage Hollywood News Get the latest Hollywood news All Full Coverage Most Popular – Entertainment Viewed Lost love letter reunites couple after 16 years Shark attack victims fight for their attackers Man who went to the moon and came back an artist Madonna visits family of dead Marseille stage hand Britain bids to quell flu fears View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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