“On ‘Everything Everywhere All At Once’ we received the California tax credit...had we not, it would have been utterly impossible to make...We’re thrilled to have the opportunity to film our next project in Los Angeles” -- The Daniels & Wang Learn more—> https://t.co/gOUcnOLJqO https://t.co/uVaDfoqpxd
An untitled feature from 'Everything Everywhere All At Once' directors Daniel Kwan and Daniel Scheinert headlines the projects for California's new round of incentives. NBCUniversal is expected to receive $20.8 million in tax credits https://t.co/tk9aPTSjfY
‘Drag Race’ Season 17 Queens On Pre-Show Advice, That Roast & Prepping For The Finale https://t.co/vze1vTHw5M
A record 51 films have been approved to receive tax incentives under California's Film and Television Tax Credit Program, including 46 independent films and five major studio projects. These projects are collectively expected to generate $580 million in economic activity, $577.8 million in qualified expenditures, and employ 6,490 cast and crew members, along with 37,000 background performers. Notable recipients include an untitled film by 'Everything Everywhere All At Once' directors Daniel Kwan and Daniel Scheinert, which will receive $20.8 million in credits and generate $106.8 million in production spending, and Warner Bros.' 'Cut Off,' allocated $10 million in credits with projected spending of $49.4 million. RuPaul's untitled drag queen movie will receive $1.7 million in credits, contributing $6.6 million in spending. The program also addresses challenges from wildfire disruptions and competition from other regions offering more generous incentives. Governor Gavin Newsom has proposed increasing the program's annual cap from $330 million to $750 million. Additionally, 31 of the selected projects plan to shoot outside Los Angeles in areas such as Oakland, Ojai, and San Diego, promoting regional diversity.