Latest pictures for California film tax cuts expected to generate $662 million in production spending

The California Film Commission has awarded more than $81 million to 24 film projects selected for the state’s latest round of Film and Television Tax Credit Program.

Collectively, the Film Commission expects the 24 projects to bring a total of $662 million in production expenses to California, including an estimated $423 million in eligible expenses — below-the-line workers’ wages and payments to local suppliers — and ‘ an estimated 3,173 workers become . Crew members, 801 cast members and over 29,000 background actors and residents.

According to the Film Commission, the 24 film projects will also generate “significant” post-production work and income for California visual effects artists, sound editors, sound mixers, musicians and other industry employees and suppliers.

“Our tax credit program continues to welcome a variety of projects, from big-budget films to small independent projects and everything in between,” said Colleen Bell, executive director of the California Film Commission. “The program is an important tool to maintain our competitiveness and limit runaway production. We’re working harder than ever to keep entertainment production where it belongs here in California.

The top 3 recipients of the state tax credits are all big-budget studio projects: Lions Gate Entertainment’s Michael Jackson biopic Michael ($21,070,000); MGM’s Thomas Crown Affair ($13,777,000) and an untitled Disney film from Tagalong Films ($11,306,000). None of the other 21 projects — all independent films — earned more than $2,752,000.

According to the Film Commission, the three big-budget studio projects are expected to generate a total of $433 million in total spending and $265 million in eligible spending in the state. Michael is expected to generate more government spending than any other film in the tax credit program’s 14-year history.

The 21 independent films, meanwhile, are expected to generate a total of $230 million in total box office and $172 million in qualifying box office in California.

The six independent projects with budgets of more than $10 million (live, Puritans II, sleeve, The invitation, The knockout queen And Unstoppable) is expected to generate a total of $128 million in aggregate spending and $96 million in qualified spending.

Production for the 24 projects will take place over a total of 768 days of filming in the state, with half of the projects planned to shoot outside of Los Angeles’ 30-mile Studio Zone for a total of 228 days of filming outside the zone.

First introduced in 2009, the film and TV program’s tax incentive program, which costs $100 million a year, was expanded to $330 million a year in 2014. Last year and this year, the program was increased to $420 million.