Film and TV Tax Credits
‘Yellowstone’ Pushes Texas to Up the Ante to Court Film and TV Projects
For studios, the best part about shooting in New Mexico might be how it looks so much like Texas. That’s why Taylor Sheridan’s Hell or Hell High Water chose to shoot in New Mexico, as did Walker: Independence, King Rex and other projects looking for generous helpings of tax incentives to film in the state […]
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Hollywood Powers Ontario to Record $3.15B Production Spend
Major Hollywood studios and streamers needing original content helped lift Ontario’s film and TV industry to a record $3.15 billion in total production activity in 2022. Ontario Creates, which markets the province in Hollywood, reported on March 21 that foreign film and TV production expenditures across the Canadian province last year reached $1.94 billion, just […]
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U.K. to Remodel and Raise Production Incentives
The British government said on Wednesday that it would remodel and raise financial incentives for film, TV and other productions. The news came as part of the annual budget speech, delivered by chancellor of the exchequer, or finance minister, Jeremy Hunt. “I will introduce an expenditure credit with (a) rate of 34 percent for film, […]
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Hollywood in Texas? This Bill Could Make That Happen as Southern States Fight for Productions
Texas is mulling whether to throw a bigger hat into the film and TV tax incentive ring. A bill introduced in the state legislature proposes to supplement Texas’ existing grant program with a new, uncapped scheme targeted at big-budget projects of at least $15 million. Eligible productions would get a 30 percent base transferable tax […]
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Fewer Feature Films Nab California Tax Credits
Independent films dominated the latest round of productions granted tax credits to shoot in the state. Of 24 movies selected to participate in California’s Film & TV tax credit program, only three are studio projects, the state’s film office said Monday. They’re helmed by Lionsgate ($21.1 million), MGM ($13.8 million) and Disney ($11.3 million). Netflix […]
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New York Gov. Aims to Boost Film Tax Credits to $700M As New Jersey Rivalry Heats Up
New York is looking to increase the cap on tax credits the state gives to the film and TV industry from $420 million to $700 million and raise the incentive to 30 percent, according to the 2023 state budget proposed by Gov. Kathy Hochul on Wednesday. The changes, which would run through 2034, are aimed […]
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Hollywood Production in Quebec Fell in 2022, Province Cites “Genuine Slowdown” Globally
Foreign location shooting, mostly by Hollywood, fell in Quebec in 2022, according to the Quebec Film and Television Council as it issued its annual report on direct expenditure figures for the French speaking province’s audiovisual sector. Statistically, Quebec posted a record $526 million in direct spending by foreign producers last year, up 12 percent in expenditures over […]
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Gavin Newsom Seeks to Make California Film/TV Tax Credits Refundable
California Gov. Gavin Newsom is seeking to make California film and television tax credits refundable in a bid to compete with other states’ programs. Newsom unveiled this approach in his 2023-2024 proposed budget, released on Tuesday, which looks to extend the current tax credit program five more years. Under the budget proposal, $330 million would […]
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Lionsgate Expands New Jersey Production Ties
New Jersey has given Lionsgate a “Studio Partner” designation as the state expands its tax credit program to draw more high-profile film and TV projects to shoot locally. The Hollywood studio, long with an eye to controlling production costs, will now see additional above-the-line wage and salary costs as qualifying expenses to be offset by […]
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Netflix Reveals Plan to Invest $850M in New Jersey Production Hub
Netflix has unveiled its plans for one of the largest fully integrated production facilities in the world in Fort Monmouth, New Jersey. The streamer bid $55 million for the 293-acre parcel at the former military base, in line with the appraised value, according to Rajiv Dalal, Netflix’s director of content and studio affairs. Outside of […]
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William F. White Buys Studio City Toronto as Film Soundstage Consolidation Heats Up
William F. White International has acquired Studio City Toronto, an iconic studio complex in the city’s downtown east end that over the years played host to shoots for My Big Fat Greek Wedding, X-Men and the Oscar winner Spotlight. Terms of the deal were not disclosed, but the purchase of the 148,000 square foot studio by […]
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U.S. Streamers, Networks Dominate Canadian TV Production, Study Finds
The growing number of American series headed to Canada for production has been underlined by a report from the Directors Guild of Canada that found 75 percent of all episodic TV work in English-speaking Canada was financed by American studios and networks in 2021. As linear TV viewership by Canadian increasingly gives way to streaming […]
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