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Home / Arts and Entertainment / California Lands Film Deals Worth Millions

California Lands Film Deals Worth Millions

17 Dec

•

Summary

  • California awarded $17M in tax credits for Snoop Dogg biopic.
  • Apple Studios and Amazon secured $14M and $12M respectively.
  • State aims to boost production with doubled tax credit program.
California Lands Film Deals Worth Millions

California has successfully attracted 28 film projects, including major studio productions and independent features, through its enhanced tax credit program. The untitled Universal Pictures Snoop Dogg biopic was a significant recipient, receiving over $17 million in tax credits. Apple Studios and Amazon Studios also secured substantial incentives, with $14 million and $12 million respectively, underscoring the state's appeal for large-scale productions. These incentives are crucial for retaining film and television projects within the state.

The California Film Commission's initiative aims to boost the state's film industry by offering $750 million in annual incentives. While the number of projects receiving credits has increased, industry trackers note a recent dip in overall production spending, partly attributed to a rise in independent films shooting locally. This round, however, also features "California-centric" stories, reflecting a potential shift in how incentives are granted, with a focus on projects that highlight local narratives and communities.

Notable independent projects include Ang Lee's "Gold Mountain" and Gina Rodriguez's boxing drama "Guerrero," which received $7.7 million and $4.4 million in tax credits, respectively. These films are set to shoot in various California locations, contributing to local economies and employing numerous cast and crew members. Governor Gavin Newsom emphasized the program's role in creating jobs and supporting small businesses, signaling a continued commitment to the state's vibrant production landscape.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
The untitled Snoop Dogg biopic received over $17 million in tax credits from the California Film Commission.
Apple Studios and Amazon Studios received $14 million and $12 million in tax credits, respectively, for their projects.
California's film tax credit program has been doubled and now awards $750 million in incentives annually.

Read more news on

Arts and Entertainmentside-arrowSnoop Doggside-arrowAmazon MGM Studiosside-arrowUniversal Picturesside-arrowCaliforniaside-arrow

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