The Mandalorian Secures $21M Tax Credits for California Filming
The upcoming Lucasfilm theatrical release “The Mandalorian & Grogu” is one of 15 films to secure an estimated $61 million in 2024 production tax incentives through California’s Film and Television Tax Credit Program reports Variety
The California Film Commission highlighted Disney’s “Mandalorian & Grogu” as the largest-budget film ever to qualify for the state’s tax program, which allocates $330 million annually in state tax credits to TV and film productions. The total of 15 films, encompassing both independent and major studio productions, is forecasted to inject nearly $408 million in production spending into the state’s economy. “Mandalorian” alone is anticipated to contribute $166 million in spending within the state. According to the CFC, the production activity associated with these 15 films is expected to create job opportunities for approximately 2,252 crew members, 598 cast members, and 16,800 background performers, who will collectively work across 579 filming days.
Other noteworthy titles securing incentive commitments include “The Accountant 2” from Amazon MGM Studios, starring Ben Affleck and Jon Bernthal; “Mercy,” featuring Chris Pratt; as well as untitled projects from Disney, 20th Studios, and New Regency Productions. Colleen Bell, the executive director of the CFC, pointed out that 41% of the filming days generated by these films will occur outside of the 30-mile zone in Los Angeles County. Filming locations will span across areas such as San Diego, Joshua Tree, Orange County, San Bernardino, Upland, San Francisco, Marin County, and Alameda County.
“California’s Film and Television Tax Credit Program was expanded to $330 million annually in 2014. Last year, Gov. Gavin Newsom signed a bill that extended the program for another five years, through the state’s 2030-31 fiscal cycle.”
Sources: Variety
Share:
Tyler Perry pauses the expansion of his $800 million studio after being taken aback by the capabilities of artificial intelligence.
Netflix Will Spend More on International Markets than StatesideRelated Posts
The upcoming Lucasfilm theatrical release “The Mandalorian & Grogu” is one of 15 films to secure an estimated $61 million in 2024 production tax incentives through California’s Film and Television Tax Credit Program reports Variety
The California Film Commission highlighted Disney’s “Mandalorian & Grogu” as the largest-budget film ever to qualify for the state’s tax program, which allocates $330 million annually in state tax credits to TV and film productions. The total of 15 films, encompassing both independent and major studio productions, is forecasted to inject nearly $408 million in production spending into the state’s economy. “Mandalorian” alone is anticipated to contribute $166 million in spending within the state. According to the CFC, the production activity associated with these 15 films is expected to create job opportunities for approximately 2,252 crew members, 598 cast members, and 16,800 background performers, who will collectively work across 579 filming days.
Other noteworthy titles securing incentive commitments include “The Accountant 2” from Amazon MGM Studios, starring Ben Affleck and Jon Bernthal; “Mercy,” featuring Chris Pratt; as well as untitled projects from Disney, 20th Studios, and New Regency Productions. Colleen Bell, the executive director of the CFC, pointed out that 41% of the filming days generated by these films will occur outside of the 30-mile zone in Los Angeles County. Filming locations will span across areas such as San Diego, Joshua Tree, Orange County, San Bernardino, Upland, San Francisco, Marin County, and Alameda County.
“California’s Film and Television Tax Credit Program was expanded to $330 million annually in 2014. Last year, Gov. Gavin Newsom signed a bill that extended the program for another five years, through the state’s 2030-31 fiscal cycle.”
Sources: Variety
Share:
Tyler Perry pauses the expansion of his $800 million studio after being taken aback by the capabilities of artificial intelligence.Netflix Will Spend More on International Markets than Stateside
