California’s Newsom Doubles Film Tax Credits to Revitalize Hollywood

In a strategic move to rejuvenate California's film industry, Governor Gavin Newsom has announced a significant increase in film tax credits. This decision comes amid growing concerns regarding the competitive landscape for Hollywood, as production shifts to other states and nations offering more attractive incentives. The state will double its existing film tax credits, elevating the total available credits from $330 million to a remarkable $660 million annually.

Continue reading