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Twenty-two film projects, including Warner Bros.’ A Star Is Born remake starring Lady Gaga and Bradley Cooper, have been selected to receive tax credits under California’s Film & Television Tax Credit Program 2.0.
The list includes one so-called big-budget film, an untitled Paramount project, which would have been ineligible under the state’s first-generation tax credit program, which excluded projects with budgets greater than $75 million.
In contrast, Program 2.0 is open to film projects with any budget (though credits are capped to each project’s first $100 million in qualified spending). It joins Disney’s previously announced A Wrinkle in Time as a big-budget win for California’s Program 2.0.
Ten of those films will film at least partially outside the Los Angeles 30-Mile Zone, spreading production throughout the state. Projects announced on Monday with plans to shoot outside the 30-Mile Zone include Ad Astra, Beautiful Boy, Blonde, Book Club, Highway One, Inner City, Shutter Spy, Untitled Jessica Buchanan Story, Untitled Paramount Project and Untitled Universal Pictures Project. The most recent prior list of feature films (announced by the California Film Commission on Aug. 2) included five such out-of-zone projects.
“Thanks to the expanded tax credit program, we’re now on a path to win more and more battles in the fight against runaway production,” said California Film Commission executive director Amy Lemisch. “Welcoming another big-budget feature and creating jobs across the state are great news for California.”
Lemisch went on to note the good news comes on the heels of a record year for feature film production reported by FilmL.A.
The 22 tax credit projects announced Monday are part of the second and final feature film allocation for year two of Program 2.0. The application period was held Jan. 2-13 and drew 93 applications vying for $100 million in tax credit allocation.
Based on data provided with each application, the selected projects (14 from non-independent production companies/studios, eight from independent production companies) are on track to spend a total of $800 million in-state, including $300 million in qualified wages to more than 4,000 crew and castmembers.
The next application period for California’s Film & Television Tax Credit Program 2.0, running from Feb. 10-17, is currently underway for television projects.
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