Latest in Tax Credits

California Gov. Gavin Newsom's promise to sign a bill that would extend the state's $330 million-a-year film and television production tax credit program until 2030 is receiving high praise from the Entertainment Union Coalition, whose members include SAG-AFTRA, the DGA, the California IATSE Council, Teamsters Local…

SPOILER ALERT: This article contains some details of tonight’s Rap Sh!t premiere on HBO Max at 6 p.m. PT/9 p.m. ET "I was really drawn to an Odd Couple dynamic," Issa Rae says of the heart of her new half-hour comedy Rap Sh!t, whose first two episodes drop tonight on HBO Max, followed by one episode weekly. "So, for…

On-location filming in Los Angeles fell 5.8% in the second quarter of 2022 compared to the same period last year – the first decline following three consecutive record-breaking quarters. Even so, local production has surpassed pre-pandemic levels, finishing 6.8% ahead of 2019's second quarter and 2.7% ahead of 2Q…

Just days before Rap Sh!t’s HBO Max debut, the Issa Rae produced comedy looks to be coming back for a second season and heading out to the Golden State. Penned by the Insecure co-creator and starring Aida Osman and KaMillion, Rap Sh!t was awarded over $12.6 million this morning in the latest round of small screen tax c…

There's going to be some serious California financial meat on the bones of Star War series Skeleton Crew. Hauling in a near-record $20.9 million in Golden State tax incentives, the Disney+ series starring Jude Law was among seven shows awarded lucrative credits today. As you can see in the list below, the 2023-premieri…

Direct spending into New Mexico's economy by the film, TV and digital media production industry reached a record $855.4 million in fiscal year 2022, a 36% increase over fiscal 2021, according to New Mexico Gov. Michelle Lujan Grisham. The state, whose latest fiscal year ended June 30, hosted 109 total productions – 55…

Weeks after a leaked Supreme Court draft opinion threatened to roll back Roe v. Wade, a final decision Friday morning did just that, with a majority of justices casting votes to return authority over abortion rights to individual states. The ruling reverses 50 years of precedent from the landmark 1973 case that gave…

Does it ever feel like those of us in and around Hollywood are at war with the world? We're certainly fighting with Florida, over gender education — you heard all about it from the Oscar hosts, on Disney-owned ABC. And we're battling Texas, over abortion. Reese Witherspoon and another hundred stars planted the flag in…

On-location film and TV production in Greater Los Angeles is off to a “strong start” in 2022, with 9,832 days of on-location shooting setting an all-time first-quarter record according to the latest report from FilmLA, the city and county film permit office. That topped the previous first quarter mark set in 2016 but…

UPDATED, 5:59 PM: Proposed changes to Georgia's best-in-the-country film incentives program have been scrapped. The proposed changes, which would have capped tax credits at $900 million a year and banned film companies from selling the credits to third parties, had been backed by Georgia's Senate Finance Committee but…

Three Point Capital has closed on a $100 million revolving credit facility with Mitsubishi UFJ Financial Group (MUFG). The independent film financier, which was acquired last year by Forest Road, has also rebranded as TPC. Forest Road is the majority owner of distributor Vertical Entertainment. David Gendron, TPC…

UPDATED with quotes: California's Film & Television Tax Credit 2.0 Program generated nearly $21.9 billion in economic output in the state over five years at a projected cost to taxpayers of little more than $1.5 billion, according to a new study commissioned by the Motion Picture Association, using data from the Califo…