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Market
How will major studios respond to CA's film tax credits by mid-2025?
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Resolution / Starting Odds
Increase production in CA • 25%
Maintain current levels • 25%
Decrease production in CA • 25%
Relocate production out of CA • 25%
Statements from major film studios and industry reports
Story
Gavin Newsom to Announce Sunday Proposal to Double California Film Tax Credits to Revitalize Hollywood
Oct 27, 2024, 03:27 PM
California Governor Gavin Newsom is set to announce a significant proposal aimed at revitalizing the state's struggling film and television industry. This initiative, scheduled for Sunday, will reportedly involve a plan to more than double the state's film tax incentive program. The proposal comes in response to a notable drop in production within the industry, exacerbated by recent labor unrest and disruptions. Newsom's office has indicated that this move is intended to stimulate work and production in Hollywood, which has faced challenges in recovering. The announcement will be made in conjunction with Los Angeles Mayor Karen Bass, highlighting a collaborative effort to strengthen California's film sector.
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Similar markets
Increase in California-based projects • 25%
No change • 25%
Decrease in California-based projects • 25%
Mixed responses • 25%
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Approved with modifications • 25%
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No decision by end of 2024 • 25%
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Approved as proposed • 25%
Approved with modifications • 25%
Rejected • 25%
No decision by deadline • 25%
Tax credit incentives • 25%
Economic recovery • 25%
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No • 50%
Yes • 50%
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Approved as proposed • 25%
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No vote by deadline • 25%
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