Don't Just Read the News, Understand It.
Published loading...Updated

California Awards Tax Credits to 48 Film Projects - L.A. Business First

  • On June 25, 2025, Governor Gavin Newsom announced that 48 film and television productions had been selected for California’s Film and Television Tax Credit Program.
  • Last October, Newsom put forward a plan to more than double the state’s yearly film and television tax credit funding, raising it from $330 million to $750 million, in an effort to address the recent decline in production activity.
  • The projects include 43 independent films and five major studio features, are expected to generate $664 million statewide, and employ over 6,500 cast and crew members.
  • Governor Newsom emphasized that California's position as a central hub of the entertainment industry is the result of decades of dedication by talented professionals and innovators who continually challenge the status quo.
  • The expanded tax credit program aims to preserve California’s entertainment legacy by supporting crew, boosting local economies, and increasing film jobs by 40-50%.
Insights by Ground AI
Does this summary seem wrong?

12 Articles

All
Left
4
Center
3
Right
2
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 44% of the sources lean Left
44% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Business Journals broke the news in United States on Monday, June 23, 2025.
Sources are mostly out of (0)