(Updated with more data, details & a new chart) The first round of California’s $750 million tax incentives program announced today is betting big on Hollywood, literally and fictionally.
Especially over at Continental Studios.
Snagging $13 million in credits, season two of Lionsgate and AppleTV+‘s Emmy-nominated The Studio is one of 22 television projects the state has approved under its just more than doubled Film and Television Tax Credit Program. The Land, that new Hulu drama from Dan Fogelman got the largest allocation Wednesday with nearly $43 million. Awarded almost $10 million, a new Larry David series (not Curb 2.0) are also among shows unveiled today that are, all in, projected to bring $1.1 billion to the state’s economy in wages and other expenditures.
This is the first round of tax credits since the state expanded available funding for qualified film and television productions significantly for the first time in over a decade. Aiming to turn the tide in Hollywood, the Gavin Newsom fueled move followed devastating wildfires last year that capped decades of runaway production.
According to the California Film Commission, applications jumped nearly 400% with the sweetened incentives. Having said that, the CFC and their PR team didn’t offer any hard numbers of what that 400% rise is in real numbers.
Still, check out the varied projects tentatively awarded tax credits today, including an unnamed AppleTV+ series relocating to the Golden State for its third season that got $22.18 million. This new chart, replacing one sent to us that contained info not meant for public consumption it seems, has, like the previous chart, the amounts the successful applicants are estimated to inject into the state’s economy:
As you can see above, other series successful in this round include Group Chat, a new 20th Television pilot for Hulu from Kenya Barris, and the second season of Tom Segura’s Netflix series Bad Thoughts, which is relocating from Texas.
“I am thrilled that we are going to be able to shoot Group Chat in Los Angeles thanks to the California Film Commission tax credit,” says Group Chat creator, EP and showrunner Barris.
“As an LA native, I feel lucky to have been able to shoot so many projects here throughout my career and love that we’ll be able to continue spotlighting our incredible city, its people and the culture,” the black-ish chief added. “Not only does this credit allow us to work with the best crews and craftspeople around but, more importantly, it allows us to create jobs and support the LA film community at a time when it’s more important than ever.”
Deadline had exclusively reported last week that more allocations were on the way after a round in June, when Dan Fogelman and Ryan Murphy collectively snapped up nearly $40 million in funding.
The shows are a combination of five renewals, two productions relocating to California and fifteen new series, including one limited series and three pilots. Collectively, the projects are expected to employ 6,500 cast and crew members, along with 46,100 background performers (measured in days worked). While most filming will take place in Los Angeles, four projects will shoot at least partially outside the region.
“California has long been the entertainment capital of the world — and the newly expanded film and TV tax credit program is keeping it that way,” said the Governor, who has been getting even more attention that usual for his trolling of Donald Trump. This program means paychecks for middle-class workers, opportunities for small businesses and investment in communities up and down the state,” added Newsom. “We’re not just protecting our legacy — we’re reminding the world why the Golden State remains the beating heart of film and television.”
His office said the shows are projected to generate $714 million in qualified expenditures and $413 million in qualified wages across the Golden State. They will account for more than 1,100 filming days statewide, a major boost to local economies up and down California.
With the big bucks small screen incentives now out there, the next round of feature film and independent production applications are open right now for a few more days. The lucky applicants will be informed by the California Film Commission early this fall.
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