Newsom Announces Latest Films Awarded California Tax Credits
The state program will support 35 films, with Disney’s Pixar getting $40.1 million and the original Michael sequel $30.8 million.
- On Wednesday, the California Film Commission awarded $226 million in tax credits to 35 film projects, including Lionsgate's "Michael" sequel and a new Pixar animated feature.
- The state expanded its film and television tax credit program to combat production leaving California, aiming to retain entertainment investment and jobs within the state.
- Pixar Animation Studios received the largest award at $40.1 million for an untitled project, while Lionsgate secured $30.8 million for the "Michael" follow-up.
- The commission estimates these productions will generate $1.08 billion in spending and employ 30,000 cast and crew members, including the upcoming "Last Friday" sequel.
- A bipartisan coalition of lawmakers is pushing to create a federal tax credit for film and television, aiming to pass the bill through Congress by December 11.
16 Articles
16 Articles
The sequel to 'Michael' will receive 30.8 mdd in California tax incentives, surpassing the support obtained by the first film
Michael 2 Gets Positive Update as Sequel Movie Scores Huge Tax Credit Payday
Michael 2 has received a major financial boost ahead of its production. The sequel is among the latest films to secure California tax incentives. The funding could help support the film’s upcoming production in the state. According to Variety, Michael 2 has secured $30.8 million in tax credits from the California Film Commission. The state […] The post Michael 2 Gets Positive Update as Sequel Movie Scores Huge Tax Credit Payday appeared first on…
Newsom Announces 35 New Films Getting Tax Credits
Gov. Gavin Newsom Wednesday announced that 35 film projects, including the long-awaited next installment in Ice Cube’s “Friday” franchise, are receiving credits in the latest round of awards from the expanded California Film Commission’s Film & Television Tax Credit Program. Twenty-eight of the 35 projects are independent productions, including 20 with budgets under $10 million, […]
California Tax Credits 2026: 'Michael' & 'Friday' Sequels On List
The California Film Commission on Wednesday revealed 35 feature films that have been selected to receive California tax credits in the most recent round of funding. The list includes the sequel to Michael, Lionsgate’s blockbuster Michael Jackson biopic, as well as New Line’s Friday sequel Last Friday and a new project from indie filmmaker Mike […]
Los Angeles Times
BizTocA new Pixar film and the sequel to 'Michael' will receive tax credits from California
Thirty-five film projects, including a new Pixar movie and the sequel to "Michael," were awarded production incentives for work done in California.
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