Hollywood's Home Team: New Group Fights to Keep Productions in California
California, USAThu Dec 19 2024
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You might think Hollywood is all glamour, but there's a lot that happens behind the scenes. Recently, a new group called the California Production Coalition has formed to keep things in California. Why? Because other states and countries are offering crazy good tax breaks to lure in TV and film productions. This means jobs and money are slipping away from California.
The group includes big names like Disney, Universal, and Netflix, along with smaller businesses that supply gear and services to productions. They're all worried that California is losing its shine as the go-to place for filming.
Governor Gavin Newsom is planning to double California's film tax incentives to $750 million a year. This means producers get more money back if they film here. The Coalition is pushing for this, saying it will help the industry grow and create more jobs.
Things have been tough though. Global production is down, and LA is feeling it too. The permitting office, FilmLA, said the third quarter of 2024 was the weakest. Reality TV is especially hurting, with a big drop in shoots.
The Coalition wants to make sure California stays competitive. They say people in the state support giving tax credits to more types of shows, like game and reality TV. They want California to stay the hub of entertainment. After all, it's the birthplace of Hollywood!
https://localnews.ai/article/hollywoods-home-team-new-group-fights-to-keep-productions-in-california-72b2f1ad
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