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Film Incentives

All articles tagged with #film incentives

Trump’s Federal Film Credit Push Sparks Canada’s Push for Stronger Subsidies
business1 month ago

Trump’s Federal Film Credit Push Sparks Canada’s Push for Stronger Subsidies

As Trump champions a federal US film and TV tax credit, Canada’s actors’ union ACTRA urges Ottawa to bolster subsidies and Ontario to raise its tax credits (foreign producers from 21.5% to 25%; local producers from 35% to 40%) to keep production domestic. ACTRA warns that without a stronger domestic framework, Canada risks being hollowed out by American productions or over-reliance on a single foreign client, even as cross‑border trade tensions and incentives from BC and US states reshape the competitive landscape.

via The Hollywood Reporter|
#actra#business#canada
California Budget Trailer Bill Expands Hollywood Tax Credits and Faster Refunds
business1 month ago

California Budget Trailer Bill Expands Hollywood Tax Credits and Faster Refunds

California lawmakers introduced AB/SB 186 as part of a budget trailer bill to blunt the impact of new caps on the state’s $750 million film/TV tax credit program. The measure would exempt indie productions from the caps, allow productions to monetize 95% of their refunds (up from 90%), and shorten the refund timeline from five years to two. It would also extend the expiration window for credits earned before 2025 to 15 years. Backed by the MPA, unions, and Governor Newsom, the proposal aims to preserve California’s status as a Hollywood hub, but critics warn broader caps and policy changes still loom as a risk as lawmakers race to adjourn.

via The Hollywood Reporter|
#business#california#film-incentives
LA loses Hollywood’s crown as productions flock to cheaper hubs
business1 month 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.

via Los Angeles Times|
#business#film-incentives#hollywood-north
Paramount Secures $37M California Tax Credits Amid WB Discovery Showdown
business2 months 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.

via The Hollywood Reporter|
#business#california-tax-credits#film-incentives
Hollywood Urges Carve-Out as CA Film Credits Face Caps
business3 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.

via Variety|
#business#california-budget#film-incentives
Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood
politics5 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.

via The Hollywood Reporter|
#california#film-incentives#hilton
Raman Promises Hollywood-First LA With Expanded Film Credits and a Film Czar
politics5 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.

via Deadline|
#film-incentives#hollywood#los-angeles
"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.

via The New York Times|
#arts#film-incentives#hollywood