California Film Incentives in Peril | Venice Beach News

California’s film industry is in a tight spot: a wildly successful tax incentive program, which brought in $6.6 billion and supported 35,000 jobs in its first year, could be cut in half by an unnoticed state budget cap limiting credits to $5 million annually. Major productions, eligible for up to $35 million, are now at risk of being priced out, while small businesses like prop houses feel the squeeze as filming slows. Over 40 lawmakers are demanding Governor Newsom fix the oversight before the session ends—by exempting the film program from the cap—so California doesn’t lose its edge as a global production hub. The Governor says he’s committed to keeping the program competitive, but no promise of a quick fix has been made, leaving the future of thousands of jobs hanging in the balance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4b4157366c160ec3