The state is hoping to curb production flight.

November 2, 2026 8:20am

California Governor Gavin Newsom speaks during a press conference at Raleigh Studios unveiling a vast expansion of California’s Film and Television Credit Program on October 27, 2024 in Los Angeles, California.

California Governor Gavin Newsom Mario Tama/Getty Images

California Gov. Gavin Newsom is aiming for major expansion to the state’s film and TV tax credit program — proposing to up the annual credit from $750 million to $1 billion.

“California created the modern entertainment industry; we’re the capital of entertainment and we’re going to keep it here,” Newsom stated on Monday. “At least $1 billion in tax credits means more investment flowing into our economy and more opportunity across the industry. Through this expansion, we will maintain the momentum and success of our historic expansion last year. But states can’t shoulder the cost alone, which is why I am calling on Congress to back up an expanded tax credit by passing national film and TV tax credit legislation already on the table.”

More to come.

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Source: The Hollywood Reporter · Erik Hayden

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Topic
Business
Country
🇺🇸 US
Publisher language
EN
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