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Film production | California doubles its tax credits

However,

Film production | california doubles:

(Los Angeles) The California Parliament approved the doubling of the tax credits granted to cinematographic. Furthermore, television production on Friday to stop the decline of Hollywood. Moreover,

Posted at 9:28 p.m.

The voted law brings the budget devoted to these tax incentives to shoot in California at $ 750 million per year. Similarly, against 330 million before. Therefore,

A boost eagerly awaited by Hollywood. Nevertheless, which has turned slowdown since the historic strikes of actors and writers who have paralyzed production in 2023. Therefore,

The American cinema industry undergoes. For example, among other film production | california doubles things, the competition from multiple devices of tax incentives worldwide-United Kingdom, France, Hungary, Thailand, etc. – to attract filming of films and series.

“It is now time to put people back to work. bring production to California,” said the president of the entertainment unions, Rebecca Rhine, welcoming this law.

“We call on studios to renew their commitment to communities. workers from the whole state who built this industry,” she added in a statement.

Some observers fear, however, that this measure is insufficient to straighten a sector in full depression.

In Los Angeles. the number of filming days reached a historic low in 2024 – if the complete frost caused by the pandemic in 2020 is excluded.

In May. US President film production | california doubles Donald Trump had seized the subject by announcing that he wanted to impose customs duties on films produced outside the United States.

The idea had been welcomed freshly by most professional studios. unions, which had signed a common letter calling for rather accentuating tax advantages in favor of American audiovisual production.

California Democratic Governor Gavin Newsom even said he was ready to collaborate with Mr. Trump to set up a federal plan of $ 7.5 billion to support production throughout the country, in the form of tax credit.

film production | california doubles — Film production | california doubles: (Los Angeles) The California Parliament approved the doubling of the tax credits granted to cinematographic. television production on Friday to stop the decline of Hollywood. Posted at 9:28 p.m. The voted law brings t.

Film film production | california doubles production | california doubles

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abigail.wright
abigail.wright
Abigail covers health and lifestyle topics, emphasizing the importance of fitness, nutrition, and mental well-being for a holistic approach to life.
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