L.A. production slows down
Film, TV shoots take hit as tax credits dry upAfter recovering from a slump last year, L.A. production has slowed significantly in recent week after state film tax credits dried up.
On-location filming for features in particular is off, with production days falling about 9% from June 28 to Sept. 5 compared with the same period last year, the LA Times reported Tuesday.
TV production fell about 1% during the 10-week period.
A slowdown was expected by many in the industry, given that the state's film tax credit program has temporarily run out of funds.
The California Film Commission has allocated all $100 million in tax credit funds for the current fiscal year and now has a waiting list of projects.
The program provides a 20%-25% tax credit on qualified production expenses.
"We expected we would see a falloff, seeing as how the [state tax] incentive was the only thing that put the feature category into positive territory," FilmL.A. spokesman Todd Lindgren told the LA Times.