Efforts by Governor Gavin Newsom and the state legislature to increase funding for California’s Film and Television Tax Credit program are helping to produce more new and relocated television series in the Golden State.
With additional funding provided in the state budget agreement, the California Film Commission announced that five new series and two moving series are among the projects selected for the latest round of tax credits.
The new series – “Star Wars: Skeleton Crew” (Lucas Film), “My Glory” (WB Discovery), “Presumed Innocent” (WB Discovery), “The Residence” (Netflix) and “The Sympathizer” (HBO) – -are the first new TV series accepted into the tax credit program since 2019
The absence of new TV series is explained by the large number of recurring series already on the programme. The budget deal, which received broad bipartisan support, increased funding for the tax credit program over a two-year period.
“Increased investment in our tax credit program strengthens California’s ability to compete and continue to strengthen our status as the media production capital of the world,” said Colleen Bell, executive director of California Film. Commission. “We are, once again, welcoming new television series to the program, which is creating jobs and economic opportunity here in the Golden State.”
The current round of tax credits also includes two relocation series — “Killing It” (NBC Universal) and “Rap Sh!t” (HBO) — which will relocate production from Louisiana and Florida, respectively. With these latest wins, California’s tax credit program has hosted a total of 27 television series from other states and nations.
“Killing It” co-showrunners, writers and executive producers Luke Del Treidici and Dan Goor have confirmed the impact of the tax credit program on their decision to relocate production from New Orleans.
“‘Killing It’ is a show about dreams coming true, so it’s only fitting that we pack our bags and move to Hollywood,” Del Treidici said.
Goor added, “We’re excited to be doing season two in California, which not only has amazing crews and the best facilities, but it’s also where our kids are.”
In addition to the new and relocated series announced today, the tax credit program currently has 16 recurring (legacy) series accepted in previous award rounds and in various stages of production.
The seven new and relocated television projects announced today are on track to spend a total of $713 million in California during their next production season. Based on the information provided with each tax credit application, they will generate a total of $468.2 million in “qualified” expenses (defined as below-the-line worker wages and payments to industry suppliers). ‘State). Only the qualifying portion of each project’s budget is eligible for tax credits under California’s unique targeted incentive program. This means that the projects announced today will generate approximately $245 million in non-incentive spending. The California Film Commission has earmarked a total of $90.8 million in tax credits for the seven projects.
By far, the project with the largest eligible spend is Lucasfilm’s “Star Wars: Skeleton Crew,” which is on track for nearly $136 million in eligible spend in its first season. The new series coming to Disney+ in 2023 is about a group of children lost in the “Star Wars” galaxy trying to find their way home. It stars Jude Law, with executive producers Jon Watts, Chris Ford, Jon Favreau, Dave Filoni, Kathleen Kennedy, Michelle Rejwan and Colin Wilson.
Combined, the seven new series and relocations will employ an estimated 1,953 crew, 545 cast, and 21,691 cast/substitutes (the latter measured in “man-days”) during their upcoming production season. They will spend approximately 559 filming days in California, including 20 scheduled filming days outside of the Los Angeles 30-Mile studio area. They will also generate significant post-production jobs and income for California VFX artists, sound editors, sound mixers, musicians and other workers/suppliers.
The California Film Commission received a total of 18 applications during the June 13-15 application period for television projects. The list of conditionally approved projects is subject to change as applicants may withdraw from the tax credit program and have their credit reservation reallocated to one or more projects on the waitlist.
The next application period for TV projects will take place from September 19 to 21. The next application period for feature films will be July 18-20.