{"id":16020,"date":"2025-10-21T15:21:06","date_gmt":"2025-10-21T15:21:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/16020\/"},"modified":"2025-10-21T15:21:06","modified_gmt":"2025-10-21T15:21:06","slug":"california-gives-millions-in-tax-credits-to-jumanji-and-heat-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/16020\/","title":{"rendered":"California Gives Millions in Tax Credits to ‘Jumanji’ and ‘Heat 2’"},"content":{"rendered":"

\n\tCalifornia has set aside $342 million in tax credits in a bid to jumpstart production of big-budget films, including a record $43.9 million for the next installment in the \u201cJumanji<\/a>\u201d franchise.<\/p>\n

\n\tThe state is also committing $37.2 million for \u201cHeat 2<\/a>\u201d from Michael Mann, as well as $38.4 million for the next film from the Daniels<\/a>, the Oscar-winning team behind \u201cEverything Everywhere All at Once.\u201d The Daniels\u2019 film, from Universal, was already approved for $20.8 million in March, but thanks to the expansion of the state\u2019s incentive program this summer, now finds itself the recipient of a nearly $18 million windfall.<\/p>\n

\n\tThe next \u201cJumanji\u201d \u2014 the fourth overall, and the third since 2017 \u2014 is set to begin shooting in November. It is due for release in December 2026. In a statement, director Jake Kasdan said he is \u201cthrilled\u201d that it will be made in California. <\/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 Kasdan said. \u201cMaking these big popcorn movies requires hundreds of specially-skilled people, and the world\u2019s finest live in California.\u201d<\/p>\n

\n\tGov. Gavin Newsom signed a major expansion of the tax credit in June, as the state seeks to counter an industrywide downturn that cut production jobs by 29% since 2022. Under the expanded program, the state will award $337 million to feature films and $412 million to TV shows each year for the next five years.<\/p>\n

\n\tOnly eight big-budget feature films were in production in the most recent quarter in California, a 43% decline compared to the same quarter of 2024, according to data from ProdPro.<\/p>\n

\n\tFilm production was also down by 33% in the U.K. and 6% in Canada in the third quarter of 2025, compared to the same quarter in 2024.<\/p>\n

\n\tThe U.S. remains the largest global hub for film production. But California has had to compete with Georgia, New Jersey, New York and other states in offering subsidies to attract productions within the U.S. \u2014 while Canada, the U.K. and other countries offer their own generous subsidies to lure films overseas.<\/p>\n

\n\tBefore the expansion, which took effect on July 1, no project could get more than $25 million in credits, and most were limited to $20 million. Under the new system, that cap has risen to $48 million. In July, the California Film Commission<\/a> awarded<\/a> $42.8 million to a new Hulu series from Dan Fogelman.<\/p>\n

\n\tThe noteworthy feature film projects in the latest allocation include:<\/p>\n

\u201cSunday,\u201d from Blumhouse, $16.4 million<\/p>\n

\u201cThe Fifth Wheel,\u201d from Netflix, $14.8 million<\/p>\n

\u201cA Tree Is Blue,\u201d produced by Dakota Johnson, $2.4 million<\/p>\n

Untitled Family Drama, from Warner Bros., $39.6 million<\/p>\n

\u201cEpiphany,\u201d starring Bill Murray and Kristen Wiig, $4.2 million<\/p>\n

\u201cThe Incredible Heist of Hallelujah Jones,\u201d from Taika Waititi and starring Janelle Monae, $1.8 million<\/p>\n

\u201cNightwatching,\u201d starring Mila Kunis, $3.3 million<\/p>\n","protected":false},"excerpt":{"rendered":"California has set aside $342 million in tax credits in a bid to jumpstart production of big-budget films,…\n","protected":false},"author":2,"featured_media":16021,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,14148,9,8,14150,14140,14156],"class_list":["post-16020","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-film-commission","tag-california-headlines","tag-california-news","tag-heat-2","tag-jumanji","tag-the-daniels"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/16020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=16020"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/16020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/16021"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=16020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=16020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=16020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}