Bradley Cooper's 'A Star Is Born' Nabs California Film Tax Credits
Thirteen feature films have been approved for $53.9 million in tax credits.
Warner Bros.' remake of A Star Is Born, which Bradley Cooper is directing and starring in, and New Line’s adaptation of Stephen King’s It are among the 13 feature films that have been approved for tax credits totaling $53.9 million by the California Film Commission under the state’s Film and Television Tax Credit Program 2.0.
The list of 13 films includes 10 from such studios as Warners and Paramount and as well as three from independent production companies. (The tax credit program applies the term “independent” to projects produced by a company that is not publicly traded.)
Two of the newly approved movies — indie projects Get It While You Can and Save the Cat — have confirmed plans to shoot in San Francisco and Central California, respectively, while an additional four of the 13 projects have indicated tentative plans to film outside the Los Angeles 30-mile zone.
The latest application period was held Jan. 11-24 and drew 174 applications vying for the $53.9 million in tax credits. It was the fourth application period overall for the recently expanded tax credit program, following a prior allocation for feature films/independent projects and two allocations for TV projects.
“One of our goals for the newly expanded tax credit program is to start bringing more production jobs and spending to regions statewide, and we are beginning to see that happen with this latest allocation,” California Film Commission executive director Amy Lemisch said Wednesday in a statement. “Nearly half of the projects announced today may shoot at least partially outside ‘the zone.'”
Based on data provided with each application, the 13 approved projects will generate an estimated $400 million in direct in-state spending, including $174 million in wages to more than 2,000 below-the-line crew members. In addition, they will employ an estimated 540 cast members.
The complete list of newly approved non-independent feature films and independent projects is attached. The list can be revised: If applicants withdraw from the program, their tax credits will be reassigned to those currently on the wait list.
Approved projects are selected based on their jobs ratio score, which ranks each project by wages to below-the-line workers, qualified spending for vendors, equipment and other criteria.
The approved projects include Warners’ A Star Is Born and Bright, New Line’s It, Paramount’s Dangerous Amusement Park, Disney’s Overnight on 42nd Street and Lionsgate’s Latin Lover, along with Annabelle 2, Beautiful Boy, Dead of Night, Get It While You Can, La Liorona, Save the Cat and Suburbicon.