Get the latest gossip
California legislature acts to keep film and TV production at home
Legislation will more than double current tax incentives under larger bill slated to be signed by Gavin Newsom
Newsom has advocated for the boost, a step to help reverse a years-long exodus of production from California to places such as Britain, Canada and other US states that offer generous tax credits and rebates. Permitting data showed production in Los Angeles, the location of major studios including Walt Disney and Netflix, fell to the second-lowest level on record in 2024. “The expanded funding of our program is an important reminder of the strength and resiliency of our members, the power of our broad-based union and guild coalition, and the role our industry plays in supporting our state’s economy.”
Or read this on The Guardian