This seems quite alarming for Californian production companies. Will Gavin Newsom’s policy work and increase the shooting days in the State?
“California Governor Gavin Newsom is trying to get the state’s lawmakers to more than double the California Film & Television Tax Credit Program from $330m to $750m, and wants to make the initiative more competitive internationally.”
Will the lawmakers increase the tax incentives? Seeing the desperate state of the Q1 figures, will they feel the need to act?
https://www.screendaily.com/news/filmla-warning-as-los-angeles-q1-produc...
3 people like this
I was on The Pitt and in January, production actually brought in several Assistant Directors to do background work, because there was so little production happening.... The president of WB came out to set and implied openly that if the government didn't make more money available to the major studios, they would be going to Atlanta. I certainly like additional funding for film, but the California funds only benefit studios who already have enormously deep pockets...
3 people like this
Thanks for sharing this, Geoff Hall, it’s definitely a challenging moment for California’s production landscape, but I’m hopeful that this push for expanded incentives could be a real turning point. The industry there has such deep roots, and with international competition getting fiercer, there are more and more opportunities for creatives to grow elsewhere.
2 people like this
Ashley Renee Smith I think California’s problem stemmed from their original reticence about tax incentives. Whilst they were procrastinating, the rest of the world got on with it.