\n\tMichael Mann\u2019s Heat 2 and the next installment to Sony Pictures\u2019 Jumanji headline the first round of movie subsidies to Hollywood after California\u2019s historic expansion of the entertainment tax credit program, a bid to revitalize production in the state.<\/p>\n
\n\tIn total, 52 films will get $334 million in incentives for shooting in California, the film commission announced on Tuesday. They\u2019re projected to generate $1.4 billion in economic activity across businesses with ties to the entertainment industry and employ 8,900 cast and crew members. Most of the filming will take place in Los Angeles, where shooting levels are at an all-time low.<\/p>\n
\n\tThis allotment of subsidies saw twice as many bids for tax credits compared to the same application window last year, according to the film commission. The main changes to the program reflect its increased popularity: more than doubling the total cap from $330 million to $750 million; the 35 percent base credit; and increased accessibility to the incentive for independent films.<\/p>\n
\n\t\u201cThose projects would have gotten made but not here in California without our robust program and the changes that we made,\u201d says California Film Commission executive director Colleen Bell. She adds, \u201cWe have slowly been losing our market share of entertainment production as other jurisdictions improve their competitiveness but, right now, we\u2019re in a great position to not only curb runaway production but grow production here in the state.\u201d<\/p>\n
\n\tIn a sign that some features may be returning to their cultural home, ten studio titles will be getting credits to shoot in the state. They include Sunday (Blumhouse), The Fifth Wheel (Netflix) and untitled movies from NBCUniversal, Warner Bros. Pictures, Paramount Pictures and Apple Studios, which are projected to collectively spend roughly $340 million in the state across 296 shoot days. Netflix had two titles that were selected to nab $34 million in credits, trailing only the production vehicles for Heat 2 ($37.2 million) and Jumanji ($43.9 million), NBCUniversal ($38.4 million) and Warners ($39.6 million).<\/p>\n
\n\t\u201cI have long looked forward to the day when the California Film Incentive would help us bring movies like this one back home \u2014 and now that it does, I am so grateful that ours will be among the first to take advantage of the new program,\u201d said director Jumanji Jake Kasdan in a statement. Adds Sony Pictures Entertainment chief executive Tom Rothman, \u201cThe resultant work will bring jobs and revenue into the state at a much needed time and will help the filmmakers make the very best film possible.\u201d<\/p>\n
\n\tThe announcement comes a week after shooting levels in Los Angeles reached another all-time low during the three month-period from July to September, according to the latest report from film permitting office FilmLA. Most of the filming across the 52 movies that will get tax credits will take place in L.A., with Heat 2 planning 47 days of shooting in the region.<\/p>\n
\n\tAlso receiving subsidies: 42 independent titles, most of them being projects with budgets under $10 million. They include Epiphany, The Incredible Heist of Hallelujah Jones, Sun Baked, A Tree is Blue and Nightwatching.<\/p>\n
\n\t\u201cAs Chair of Mayor Karen Bass\u2019 Entertainment Industry Council, I know how important it is to create in a place that supports storytellers,\u201d said Ellen Goldsmith-Vein, a producer on Epiphany (Bill Murray, Kristen Wiig) in a statement. \u201cCalifornia has been home to my career from the start, and being able to make Epiphany here means I get to work with the best crews in the business while keeping jobs in my community.\u201d<\/p>\n
\n\tIn the round of incentives announced in March, a record 51 films were tapped to receive credits to shoot in California. The total marked the highest number of titles selected in a single allotment of incentives. The bulk of the allocation was directed toward a slate of 46 independent movies.<\/p>\n
\n\tAnother trend to watch will be productions opting to shoot in areas outside of L.A., some of which offer an additional bump on qualified expenditures. The projected announced on Tuesday will shoot for a record 511 days outside of the region.<\/p>\n
\n\t\u201cThis round of awards demonstrates the outstanding scope of our program. We are welcoming projects from major franchises to independent films led by visionary artists,\u201d Bell said in a statement. \u201cThere\u2019s real momentum building. With 52 new projects, we\u2019re seeing storytelling thrive once again, creating thousands of jobs and supporting local businesses in communities across the state. California\u2019s film industry is not just rebounding, it\u2019s redefining what\u2019s possible.\u201d<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Michael Mann\u2019s Heat 2 and the next installment to Sony Pictures\u2019 Jumanji headline the first round of movie…\n","protected":false},"author":3,"featured_media":323642,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[171,37274,67,132,68],"class_list":{"0":"post-323641","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"tag-entertainment","9":"tag-film-and-tv-tax-credits","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115417476296391203","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/323641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=323641"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/323641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/323642"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=323641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=323641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=323641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}