This study updates the 2011 "Texas Moving Image Incentive Program: The Economic Benefits from Incentives" study from the Bureau of Business Research. It finds that there are economic benefits (direct and indirect) totaling $1.3 billion for the Texas economy from the $74.8 million that the Incentive Program spent on moving image projects from 2007 to 2012. The study also provides a summary of the economic impacts not just from spending associated with projects funded with incentives, but from the entire moving image industry in Texas.