Nearly three dozen indie movies, along with big animated projects from Walt Disney Co. and Universal Pictures\u2019 DreamWorks Animation, will receive a California tax credit for filming in the Golden State.<\/p>\n
A total of 41 films were approved during this latest round of production incentives, marking the final awards for the year, the California Film Commission said Tuesday. Among them were 35 indie films, most of which had budgets under $10 million.<\/p>\n
Ben Affleck\u2019s production company, Artists Equity, was awarded a $7-million tax credit for its indie film \u201cGingerbread Men,\u201d which has a budget over $10 million. The company had previously received state subsidies for the 2012 political thriller \u201cArgo\u201d and 2025\u2019s \u201cThe Accountant 2.\u201d<\/p>\n
Several major studios were also approved for the incentive. DreamWorks Animation will receive a $19.2-million tax credit for its \u201cShrek\u201d spin-off, \u201cDonkey,\u201d which is set for release in 2028, and was awarded a financial offset of $7.8 million for a yet-untitled feature.<\/p>\n
The credits will allow DreamWorks Animation to keep production on two of its \u201cmost valuable franchises\u201d in California, said Randy Lake, the company\u2019s chief operating officer.<\/p>\n
Disney was awarded an $18.5-million tax credit for its upcoming original animated film \u201cHexed,\u201d which will debut in November, as well as a $26.2-million incentive for an untitled Pixar film. Disney\u2019s 20th Century Studios also received a subsidy of $8.2 million for an untitled live-action comedy.<\/p>\n
An untitled Warner Bros. Pictures live-action film received the largest incentive of $42 million.<\/p>\n
In total, the 41 films are expected to result in $1.1 billion in direct production spending in the state, generate more than 6,100 cast and crew jobs, and employ more than 13,000 background actors, the California Film Commission said. Together, the projects will film 993 shoot days in California.<\/p>\n
\u201cCalifornia has long set the standard for entertainment production, creating good-paying jobs and showcasing the creativity and innovation that define the Golden State,\u201d Gov. Gavin Newsom said in a statement. \u201cThe first year of the expanded tax credit program is already delivering results \u2014 generating billions in economic activity, creating opportunities for businesses and the workforce, and bringing more productions home to California.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Nearly three dozen indie movies, along with big animated projects from Walt Disney Co. and Universal Pictures\u2019 DreamWorks…\n","protected":false},"author":2,"featured_media":390455,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[14148,14138,157241,3588,156902,157243,4189,157239,157240,48,52,51,47,50,49,14142,1506,157242,3025,25269,72],"class_list":["post-390454","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-california-film-commission","tag-california-film-tax-credit","tag-crew-job","tag-disney","tag-dreamworks-animation","tag-economic-activity","tag-golden-state","tag-hexed","tag-indie-movie","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-production-incentive","tag-project","tag-state-subsidy","tag-statement","tag-total","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/390454","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=390454"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/390454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/390455"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=390454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=390454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=390454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}