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.