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Sunday, Oct 1, 2023

Film Commission Allocates $87 Million to Projects

Nearly two dozen movie projects filming in California have received tax credits worth a total of $86.9 million from the California Film Commission, the organization announced March 1.

Tax incentives from the commission range from $252,000 to more than $13 million. The list of recipients covers 11 studio productions and 11 independent films, including big-name projects such as the Coen brothers'  “Scarface” remake, Eva Longoria’s “Flamin’ Hot” and Reese Witherspoon’s  “Ashley’s War.”  

The projects are expected to generate $642 million in in-state spending overall. They are estimated to have more than $430 million in costs that qualify for the program, which covers wages for below-the-line workers and payment for in-state vendors, according to the commission. 

Netflix Productions was allocated the highest amount in the round, receiving $13.7 million for its upcoming movie, “Here Comes the Flood." The streaming giant also received $7.6 million for its film “Me Time.”
“We’re excited to welcome so many projects — from big-budget studio films to low-budget indies, and everything in between,” California Film Commission Executive Director Colleen Bell said in the announcement.

The commission said more than half of the titles will film significant parts of their projects outside the “30-Mile Studio Zone,” which extends out in a 30-mile radius from the southeast corner of Beverly and La Cienega boulevards in Los Angeles. This gives non-independent projects an additional 5% tax credit.

The 22 projects will employ a combined 2,546 crew, 695 cast and 26,130 background actors and stand-ins, and will total 718 filming days in California, the commission said in its announcement.

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