Amid global competition for production business, Hollywood is hurting

Hollywood gets tax credit lifeline despite California budget woes

Gov. Gavin Newsom (D-CA) spent the last week blaming President Donald Trump for a $12 billion budget deficit that led to tough cuts in the state’s healthcare services, but he had no qualms about carving out more than $750 million a year in tax credits for Hollywood. The money is for the expansion of the state’s investment in film and TV tax credits, which were first instituted in 2009 by then-Gov. Arnold Schwarzenegger to boost the industry. Cal…

Amid global competition for production business, Hollywood is hurting

Hollywood's plummeting film and TV production levels have studio executives and grassroots groups pushing for better incentives to keep business in California.

Long Before Trump Proposed Movie Tariffs, Hollywood Was Hurting 2025

Lengthy Earlier than Trump Proposed Film Tariffs, Hollywood Was HurtingBy [Your Name], NPR Information Los Angeles, … Long before Trump proposed movie tariffs, Hollywood was hurting 2025Read more The post Long before Trump proposed movie tariffs, Hollywood was hurting 2025 first appeared on Real News Hub.

Gavin Newsom Proposes Increased Tax Credits for Hollywood

Gov. Gavin Newsom, the California governor, just dropped a bombshell with his latest budget proposal. He’s planning to slash funding for public universities and health care services in the state. But hold on to your hats because he’s also looking to more than double the tax credits for Hollywood studios. This whole expansion plan is […]