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California Tax Credits

All articles tagged with #california tax credits

Paramount Secures $37M California Tax Credits Amid WB Discovery Showdown
business3 hours ago

Paramount Secures $37M California Tax Credits Amid WB Discovery Showdown

Paramount Television Studios and CBS Studios were awarded about $37.3 million in California film tax credits to shoot Viola Davis’s Ascent and a Clueless sequel in-state, making Paramount a top beneficiary in the latest incentive round which totals $145.5 million across nine productions. The credits come as Paramount battles California prosecutors over its bid to acquire Warner Bros. Discovery, highlighting California’s push to keep productions and jobs local in a competitive film-and-TV landscape.

Clueless Sequel and Rockford Files Reboot Secure California Tax Credits
entertainment12 hours ago

Clueless Sequel and Rockford Files Reboot Secure California Tax Credits

California’s expanded Film & Television Tax Credit Program awarded credits to nine new TV productions, including a Clueless sequel series for Paramount+ and a Rockford Files reboot, with a combined $608 million in direct production spending across 1,014 filming days. Individual credits range from about $1.2 million for a Netflix animated series to $45 million for the largest Disney Entertainment Television project, signaling a significant boost to California’s TV production slate.

Tesla Stock: Navigating Volatility Amid 'Animal Spirits' and Market Trends
finance1 year ago

Tesla Stock: Navigating Volatility Amid 'Animal Spirits' and Market Trends

Tesla shares experienced a 4% drop amid uncertainty over California's electric vehicle tax credits and bearish analyst commentary, despite a recent post-election rally. Investors are advised to monitor key support levels at $310 and $265, with a potential bullish target of $500 if the stock resumes its upward trend. The stock's recent surge was partly driven by expectations of favorable policies under the new U.S. administration.

'Citadel' Season 2 awarded big tax credits and relocates to California.
entertainment3 years ago

'Citadel' Season 2 awarded big tax credits and relocates to California.

Citadel, the upcoming spy thriller series starring Priyanka Chopra Jonas and Richard Madden, has been awarded $25 million in tax credits by the California Film Commission to relocate from the UK to California for its second season. The tax credits program is expected to award around $80 million in incentives for this allocation round to seven TV series. Citadel's second season is projected to receive the most tax credits given to any TV show by California's program.