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Film Incentives

All articles tagged with #film incentives

LA loses Hollywood’s crown as productions flock to cheaper hubs
business9 days ago

LA loses Hollywood’s crown as productions flock to cheaper hubs

California’s film and TV tax credits increasingly fail to attract projects, as productions relocate to cheaper hubs like Canada, Georgia, the U.K., and Ireland due to higher costs and bureaucratic permitting in L.A. The trend, accelerated by the pandemic and writers’/actors’ strikes, has shaved thousands of local jobs and left many studios and post-production firms shuttered, even as expanded incentives introduced in 2024–25 show some signs of revival. A few series (e.g., The Pitt, Fallout returning to L.A. with California credits) hint at a partial rebound, but the industry’s center of gravity continues to move away from Los Angeles and California toward broader global options.

Paramount Secures $37M California Tax Credits Amid WB Discovery Showdown
business18 days 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.

Hollywood Urges Carve-Out as CA Film Credits Face Caps
business2 months ago

Hollywood Urges Carve-Out as CA Film Credits Face Caps

A coalition led by the Motion Picture Association warns Gov. Newsom that proposed caps on California film tax credits (a $5 million annual limit for three years and a permanent 70% liability cap starting in 2030) would chill production and cost tens of thousands of middle-class jobs, pushing for an exemption to keep credits fully usable; state officials argue the cap is a budget compromise with some credits still redeemable or transferable.

Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood
politics4 months ago

Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood

California gubernatorial frontrunner Steve Hilton proposes a sweeping film-tax-credit plan that could reach 60% for some productions, with no annual cap and eligibility expanded to post-production and above-the-line costs, plus a Governor’s Expediter role and a revamped California Film Commission to attract shoots back to the state—potentially a five-year kick-start funded by broader spending moves, and possibly supported by a federal credit; the plan targets competition from states like Georgia amid industry contraction and AI disruption, and Hilton cites Trump’s endorsement.

Raman Promises Hollywood-First LA With Expanded Film Credits and a Film Czar
politics4 months ago

Raman Promises Hollywood-First LA With Expanded Film Credits and a Film Czar

LA mayoral contender Nithya Raman pledges to revive Hollywood in the city by pushing for expansive film tax credits at state and federal levels and appointing a dedicated film czar, arguing that production has fallen since 2018 and that stronger incentives would preserve jobs and support small businesses; she frames it as a bulwark against red tape and cites the incumbent’s slow moving approach as a contrast, with the campaign outlining the plan in a policy paper and highlighting her ties to the industry.

"The Cost of Courting Hollywood: Are States' $25 Billion Investments Paying Off?"
arts2 years ago

"The Cost of Courting Hollywood: Are States' $25 Billion Investments Paying Off?"

States have spent over $25 billion in the past 20 years to attract film and TV productions through incentives, with 38 states currently offering some form of incentive. While supporters see these incentives as a way to create jobs and stimulate local economies, economists warn that the return on investment is minimal, with tax revenue generated often being a fraction of the amount invested. Incentives come in the form of cash rebates, grants, or transferable tax credits, which studios can sell to companies with high state-tax liabilities. Despite the high cost and minimal returns, states like Michigan are considering rejoining the race to attract Hollywood productions.