The latest round of the California Film Commission’s Film & Television Tax Credit Program has set aside $81 million for 24 film projects that will have to film in California in the near future to receive the credit.
The film commission expects the 24 projects to bring in around $662 million in total production spending to California, including an estimated $423 million in qualified expenditures and generating ‘significant’ postproduction jobs and revenue for the state.
Only three of the projects scored more than $3 million – Lionsgate’s Michael Jackson biopic “Michael” scored the single biggest allocation with $21.07 million set aside for the film.
Also scoring big was MGM’s latest remake of “The Thomas Crown Affair” with $13.777 million, and an untitled Disney live-action film from Tagalong Films which is getting $11.3 million.
The new ‘Thomas Crown’ made the list back in August last year as it had qualified for a bigger $19.6 million credit then. That doesn’t appear to have panned out, but either way they’re still in the running. Other films to have scored credit around six months ago included “Joker: Folie a Deux” and Zack Snyder’s “Rebel Moon: Part 2” – the former is currently filming and the latter has already wrapped.
The other 21 are independent films with six of them boasting budgets over $10 million. Titles include “Unstoppable,” “The Knockout Queen,” “Trees & PhDs,” “The Faith of Long Beach” and more.
Source: Deadline
