Carten Cordell and Kathryn Watson on How Steven Spielberg's Lincoln Benefited from Crony Capitalism

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As far as flashy movie productions go, Steven Spielberg's new film Lincoln may have it all—an award-winning cast, big-name director, and the historic locations in Richmond and Petersburg, Virginia to showcase the sprawling tale.

But as Carten Cordell and Kathryn Watson report, like a starstruck paramour, Virginia has lavished countless gifts to win the heart of the big-studio production, offering sweet tax deals and sexy film grants to guarantee the state gets a piece of the fairest industry of them all, Hollywood.