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Latest Tax Credits News

breakingTV

Amazon Tops Streamers For New TV Projects In 2018; Cali Hits Small Screen Record, Film L.A. Says

In the ever-shifting landscape of the Peak TV Era, some things stay the same and some things flip the script. A new report out today from Film L.A. has a bit of both with Amazon the top dog for new TV projects last year, production for digital networks up almost 80% over 2017 and the great state of California remaining the number #1 location for making small screen magic. Buoyed by several years of lucrative tax incentives, the Golden State also looks poised to hit an… Read

Business

Planned Amazon HQ2 In New York, Suddenly In Limbo, Gets Renewed Push By Governor And Mayor

Long Island Amazon

New York Gov. Andrew Cuomo and New York City Mayor Bill de Blasio aren’t often on the same page, but the two political leaders have gotten in sync to implore Amazon to make good on plans to build a new headquarters in Queens. The “HQ2” project — split with Virginia after a year-long competition among 234 cities — resulted in Long Island City being chosen, with the city and state teaming to offer some $3 billion in tax breaks in exchange for an expected 25,000 new jobs. A… Read

breakingBusiness

Showtime’s ‘SMILF’ Facing Probe From MA Politicians Over Civil Rights Violations

A little over 48 hours before the second season of SMILF debuts, the Showtime series finds itself under siege from Massachusetts politicians seeking an "independent investigation" into allegations of "harassment, civil rights violations and unfair labor practices." Led by state Senator Nick Collins, about half a dozen representatives in the Codfish State signed a letter on January 16 to the Executive Office of Housing and Economic Development demanding that the acclaimed F… Read

breakingBusiness

Quentin Tarantino’s ‘Once Upon A Time In Hollywood’ Pumps Up Local Production

Quentin Tarantino's Once Upon A Time In Hollywood doesn't come out until July 26 but the flick is already a hit in Los Angeles. Production of the Brad Pitt, Margot Robbie, Al Pacino and Leonardo DiCaprio starring Manson era movie in the City of Angels helped give on-location filming in Greater L.A. in 2018 a slight edge over the year before. With production on features up 15.5% in the fourth quarter of 2018 over Q4 2017 and rising overall 12.2% annually, total production… Read

Film

‘Bumblebee’ Pollinates California Economy With $85 Million & 2,800 Jobs

Paramount's Bumblebee, which received nearly $22.4 million in state tax incentives, pumped nearly $85 million into California's economy, employing more than 2,800 local workers who took home more than $50 million in wages, according to data released by the studio. The Transformers prequel, which supported 1,250 local vendors, spent 189 days on location in Los Angeles, San Francisco, Solano, Inyo, Mammoth and Santa Cruz. "When it comes to the latest installment of the Trans… Read

breakingBusiness

Patrick Stewart’s ‘Star Trek’ Series, ‘Mayans M.C.’ & ‘Why Women Kill’ Score Tax Credits From California

Jean-Luc Picard Mayans MC

On Star Trek: The Next Generation, Patrick Stewart's Capt. Jean-Luc Picard was well known for telling his first officer to "make it so.” Well, it seems that the California Film Commission has followed the Enterprise commander's order to the lucrative letter in its latest round of small screen tax credits allocations. First announced on August 4 that The X-Men franchise alum would be back as Picard on a new CBS All Access expansion of the Trekverse, the "New Star Trek… Read

breakingBusiness

LeBron James’ ‘Space Jam 2,’ Dual Janis Joplin Pics & More Snag CA Tax Credits

LeBron James had a good night on Sunday with 51 points in the L.A. Lakers' 113-97 victory over the Miami Heat, but the Space Jam 2 star is having a very good Monday morning thanks to California's film and television tax credits program. Officially confirmed in September by the superstar, the  Ryan Coogler produced and Terence Nance directed sequel to the 1996 Michael Jordan starring Warner Bros pic was the big winner among the 15 big screen projects awarded incentives… Read

Business

‘Timeless’ Gets Film Commission Bragging Rights, Even Though It’s Canceled

Three full years into its $330 million annual expanded tax credits program, the California Film Commission has a fair amount to brag about, but Timeless probably shouldn’t be one of them. Having filmed in Vancouver for its first season and then rewarded with millions in relocating series incentives last year after being resurrected for a second season, the time-travel drama from Shawn Ryan and Eric Kripke gets a shout-out from the Amy Lemisch-run commission in a report… Read

Film

Fate Of Florida’s Decimated Film Industry Might Hang On Governor’s Race

The fate of Florida's film industry, decimated two years ago by the elimination of the state's film incentives program, might hang on the outcome of next week's gubernatorial contest. It's a tight race, and whoever wins – Democrat Andrew Gillum or Republican Ron DeSantis – will have to deal with a Republican-dominated Legislature that's adamantly opposed to film incentives. But industry sources in the Sunshine State clearly are pinning their hopes on Gillum, who has… Read

breakingBusiness

Great White North, Action: Canada Tops Feature Film Location For 1st Time, Says FilmLA

Hollywood Sign Welcome To Canada

The United States is reconsidering NAFTA and Donald Trump has started a trade war with Canada and personal attacks upon Prime Minister Justin Trudeau, but when it comes to Hollywood, the Great While North can declare victory. For the very first time Canada is the number one production location for movies, according to a FilmLA report released today looking at "the top 100 feature films at the domestic box office released theatrically within the U.S. during the 2017… Read

breakingBusiness

Gary Oldman’s ‘Flying Horse,’ Margot Robbie’s ‘Birds Of Prey’ & Ben Affleck’s ‘Has-Been’ Among 19 Films Snaring California Tax Incentives

Gary Oldman Ben Affleck Margot Robbie

The day after Comic-Con wrapped up, one of Batman's craziest nemesis, an Oscar winning former regular in Christopher Nolan's Caped Crusader franchise and the current Batman himself were among the big winners of the latest allocation of feature film tax credits from the state of California's $330 million annual program. Warner Bros' Margot Robbie led and Cathy Yan helmed Birds of Prey snagged the largest incentive this round of the 19 films given the nod by the Golden… Read

breakingFilm

Los Angeles On-Location Filming Down 5.2% In Q2, But FilmLA Says Tax Credits Are Working

Downtown Los Angeles

On-location filming in Greater Los Angeles slid 5.2% in the second quarter of 2018compared to the same time period last year. The downturn comes after a strong first quarter, but a dismal 2017, when  feature films, TV pilots and reality shows all hit five-year lows despite the state's $330 million-a-year tax incentives program. The incentives program, however, is definitely having a positive impact on the number of shooting days for on-location films and TV drams shot in… Read