New ‘Star Wars’ Series Among Series Collect California Tax Credits – The Hollywood Reporter

The state’s film office said seven television series — five new and two reissues — were selected to receive $90.8 million in tax incentives while filming in California, the state’s film office said today. Monday.

HBO, which was granted $30 million in credits, topped this tax break, followed by Disney’s Lucas Film ($20.9 million), Warner Bros. Discovery ($19.7 million), Netflix ($14 million) and NBC Universal ($6.2 million). Netflix took the lead in the previous and previous round of tax credits.

Programs – titles by Lucasfilm’s Star Wars: The Skeleton Crew and Netflix’s Residence (produced by Shonda Rhimes) – is on track to spend a total of $713 million on California during production. They are expected to generate a total of $468.2 million in qualified spending. (defined as wages for downline workers and payments to in-state providers.)

Five new shows, including Warner Bros. Discovery. My Glory and Supposedly innocent and HBO’s Sympathetic person. In July 2021, Governor Gavin Newsom signed a bill (SB144) that adds $180 million in funding to a $330 million annual tax credit program over a two-year period.

Star Wars: The Skeleton Crew is forecast to account for the largest qualified spend of the seven series, with nearly $136 million spent in the first season. The show, awarded US$20.9 million, is about a group of lost children trying to find their way home. New addition to the expansion Star Wars universe starring Jude Law and the director Spiderman The trilogy director Jon Watts is slated to release on Disney+ in 2023.

“Increasing investment in our tax credit program will strengthen California’s competitiveness and further build our position as the media production capital of the world,” said CEO. The California Film Commission Colleen Bell said in a statement. “Once again, we welcome the new TV series to the show, job creation and economic opportunity at the Golden State.”

SB144 also spent an additional $15 million on the series moving to California, bringing the total annual budget for such shows to $71.1 million. Eligibility criteria have been relaxed to include projects filming their pilot episode out of state. (The show previously required the series to relocate in order to shoot the entire season outside of California.) Kill it and Rap Sh! BILLION – relocating series selected for the show – moving production from Louisiana and Florida respectively.

“We’re thrilled to be making season two in California, where not only has the great team and best facilities, but also where our kids are,” said executive producer Dan Goor. know in a statement.

The seven projects will use an estimated 1,953 crew, 545 actors, and 21,691 background/supporting actors in production. They will spend approximately 559 days filming in California.

Source link


News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button