New Tax Credit to Boost California Film Production

The future of filmmaking? USC gets $25 million for virtual production center

Warner Music Group majority owner Len Blavatnik's family foundation has donated $25 million to create a virtual production center at the USC School of Cinematic Arts.

California Legislators Approve $750M Funding For Film & TV Tax Credit Program

The news that Tinseltown has been waiting to hear has finally come: California lawmakers have approved Gov. Gavin Newsom’s proposal to allocate $750M annually to the Film & TV Tax Credit Program. Deadline understands that a formal vote will be held Friday on the trailer bill to make it official. The Legislature has continued to […]

New tax credit to boost California film production

There is some optimism that the decline in film and television production in California may be reversed. Gov. Gavin Newsom announced new efforts to lure productions back to the Golden State on Monday, elaborating that California has selected 48 projects to receive tax credits as long as they're filmed within the state. “California didn’t earn its role as the heart of the entertainment world by accident — it was built over generations by skilled …

LA scores big in new round of California film tax credits

More than half of 48 new film projects awarded California tax credits are expected to shoot in the Los Angeles area, with the full slate projected to generate $664 million in production spending statewide, Gov. Gavin Newsom announced Monday. The governor said that 43 of these projects are independent films. Altogether, the films are expected to hire 6,515 cast and crew members, as well as 32,000 background performers (measured in days worked), a…

Film and Television Tax Credit Program approves projects

As one of the strategic sectors outlined in the recently launched California Jobs First Economic Blueprint, the creative economy has deep roots in California’s history and continues to be an engine for innovation, cultural expression, and economic growth.