Latest Pics Set For California Film Tax Credits Expected To Generate $662M In Production Spending

deadline.com:

The California Film Commission has allocated more than $81 million to 24 film projects that have been selected for the latest round of the state’s Film & Television Tax Credit Program.

Together, the film commission expects the 24 projects to bring $662 million in total production spending to California, including an estimated $423 million in qualified expenditures – wages for below-the-line workers and payments to in-state vendors – and employ an estimated 3,173 crew members, 801 cast members and more than 29,000 background actors and stand-ins.

According to the film commission, the 24 film projects will also generate “significant” postproduction jobs and revenue for California visual effects artists, sound editors, sound mixers, musicians, and other industry workers and vendors. “Our tax credit program continues to welcome a diverse range of projects, from big-budget films to small independent projects, and everything in between,” said Colleen Bell, executive director of the California Film Commission. “The program is an important tool for maintaining our competitiveness and curbing runaway production.

We are working harder than ever to keep entertainment production here in California, where it belongs.” The three largest recipients of the state’s tax credit allocations are all big-budget studio projects: Lions Gate Entertainment’s Michael Jackson biopic Michael ($21,070,000); MGMs’ Thomas Crown Affair ($13,777,000) and an untitled Disney film from Tagalong Films ($11,306,000).