California Governor Gavin Newsom Takes Pride in Film and TV Tax Credits Program
California Governor Gavin Newsom is celebrating the first anniversary of the state’s film and TV tax credits program, which has seen a significant expansion to $750 million. This move has brought in big names like Disney, Eddie Murphy, and Ben Affleck, who are all set to benefit from the incentives.
The program has seen a total of 170 projects receive credits, generating a whopping $6.6 billion for the state’s economy. This includes $1.1 billion in direct production spending and $145 million in qualified wages, employing over 1,900 cast and crew members. The numbers are impressive, and Governor Newsom is taking pride in the program’s success.
Disney, which has been a long-time supporter of the program, has benefited significantly from it. The company’s chairman, Alan Bergman, praised Governor Newsom and the legislative leaders who have worked to strengthen opportunities for production in the state. Bergman stated, “Governor Newsom, and the legislative leaders who have worked to strengthen opportunities for production here as we continue to invest in California’s world-class creative workforce.”
Ben Affleck’s upcoming film, Gingerbread Man, has received $7 million in credits from the program. Affleck, who is also the co-founder of Artists Equity, expressed his gratitude towards the program. He stated, “We received the approval letter informing us that Gingerbread Men was accepted into the California Film and Television Tax Credit Program. We have been able to make the films Argo, Unstoppable, and Accountant 2 under the program, and we are excited to film Gingerbread Men in Los Angeles, close to our company office and the best and most experienced cast and crew, vendors, and service providers.”
The program has also seen a significant increase in the number of animation projects. A total of four animated features have been awarded credits, with the Pixar film receiving the highest amount of $26.7 million. These films are estimated to inject $711 million into the state’s economy, creating over 1,900 jobs. The numbers are impressive, and Governor Newsom is taking pride in the program’s success.
The California Film Commission has stated that the program has been a huge success, with the 41 projects receiving credits generating a total of $1.1 billion in direct production spending. This includes $145 million in qualified wages, employing over 1,900 cast and crew members. The numbers are impressive, and Governor Newsom is taking pride in the program’s success.
The program has also seen a significant increase in the number of international productions. The Governor’s team has stated that the program has attracted over 35,000 cast and crew jobs across California, creating a significant boost to the state’s economy. Governor Newsom has praised the program, stating, “California has long set the standard for entertainment production, creating good-paying jobs and showcasing the creativity and innovation that define the Golden State. The first year of the expanded tax credit program is already delivering results — generating billions in economic activity, creating opportunities for businesses and the workforce, and bringing more productions home to California.”
The program has been a huge success, and Governor Newsom is taking pride in its achievements. The state’s film and TV industry is expected to continue growing, creating more jobs and boosting the economy. The program has been a huge success, and Governor Newsom is taking pride in its achievements.
