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Gavin Newsom Unveils Plan to Boost State’s Film Incentive to $750 Million
Gov. Gavin Newsom on Sunday unveiled a plan to more than double the state's subsidy for TV and film production.
Gavin Newsom unveiled a proposal on Sunday to increase the state’s film incentive to $750 million, responding to calls to boost the struggling industry. At a press conference at Raleigh Studios in Los Angeles, Newsom said it was important to “send a statement” by more than doubling the subsidy, which is currently set at $330 million. “Other states and countries, through tax credits, are aggressively pursuing our jobs and are succeeding,” said Brigitta Romanov, the executive director of the Costume Designers Guild.
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