LOS ANGELES \u2014 Fifty-two film projects have been selected to receive a round of tax credits under California\u2019s Film and Television Tax Credit Program to bring in nearly $1.4 billion into the state\u2019s economy, according to Gov. Gavin Newsom\u2019s office.<\/p>\n
What You Need To Know<\/p>\n
Fifty-two film projects have been selected to receive a round of tax credits under California\u2019s Film and Television Tax Credit Program
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Gov. Newsom said that it would bring in nearly $1.4 billion into the state’s economy
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The new round of awards also supports\u00a042 independent projects, with 32 project budgets under $10 million and 10 over $10 million
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In keeping film and television production in the state, about 8,900 cast and crew and 46,400 background performers are expected to be employed<\/p>\n
The projects benefiting from the tax credit awards include:<\/p>\n
Untitled \u201cJumanji\u201d\u00a0(Sony Pictures) \u2014 latest installment in the hit franchise
\n\u201cHeat 2\u201d\u00a0(Forward Pass, Inc.) \u2014 Michael Mann\u2019s highly anticipated prequel and sequel to the iconic crime saga
\n\u201cSunday\u201d\u00a0(Blumhouse Films) \u2014 adaptation of the acclaimed novel
\nUntitled Daniels Project\u00a0(NBC Universal) \u2014 from the Academy Award-winning producers of\u00a0\u201cEverything Everywhere All at Once\u201d
\n\u201cThe Fifth Wheel\u201d\u00a0(Netflix) \u2014 directed by Eva Longoria<\/p>\n
\u201cI\u2019m thrilled that the new\u00a0\u2018Jumanji\u2019\u00a0movie is going to be made in California. I 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\u00a0said Director Jake Kasdan in a statement.<\/p>\n
The new round of awards also supports\u00a042 independent projects, with 32 project budgets under $10 million and 10 over $10 million.<\/p>\n
Highlights include:<\/p>\n
\u201cEpiphany\u201d \u2014 starring Bill Murray and Kristen Wiig, directed by Max Barbakow, written by Mitch Glaser, produced by Lee Stollman, Ellen Goldsmith-Vein, and Jillian Apfelbaum
\n\u201cA Tree is Blue\u201d \u2014 produced by Dakota Johnson
\n\u201cNightwatching\u201d \u2014 produced by and starring Mila Kunis
\nUntitled MMX Drama \u2014 produced by Fred Berger
\n\u201cThe Incredible Heist of Hallelujah Jones\u201d \u2014 produced by Taika Waititi and starring Janelle Monae
\n\u201cSun Baked\u201d \u2014 starring Ruby Cruz, Kiernan Shipka and Lukas Gage<\/p>\n
In keeping film and television production in the state, about 8,900 cast and crew and 46,400 background performers are expected to be employed.<\/p>\n
\u201cThe film and television industry is the cornerstone of California\u2019s creative economy \u2014 revitalizing the job opportunities, business growth and economic prosperity for families. These investments reaffirm that California isn\u2019t just where stories are told, it\u2019s where the future of storytelling is built,\u201d said\u00a0Newsom in a statement.<\/p>\n
The California Film Commission, or CFC, is a state agency tasked with improving California\u2019s status as the leading location for motion picture, television and commercial production, according to its website.<\/p>\n
Since its inception in 2009, California\u2019s Film & Television Tax Credit Program has generated over $27 billion in economic activity and supported over 211,000 cast and crew jobs across the state.<\/p>\n","protected":false},"excerpt":{"rendered":"LOS ANGELES \u2014 Fifty-two film projects have been selected to receive a round of tax credits under California\u2019s…\n","protected":false},"author":2,"featured_media":16516,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[14438,7,9,8,967,6634,2998,136],"class_list":{"0":"post-16515","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-app-arts-entertainment","9":"tag-california","10":"tag-california-headlines","11":"tag-california-news","12":"tag-entertainment","13":"tag-los-angeles-app-region","14":"tag-spectrum-news-staff","15":"tag-top-stories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/16515","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=16515"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/16515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/16516"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=16515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=16515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=16515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}