California is making big moves and showing some serious love to filmmakers. It’s like a big, warm welcome home party for your favorite TV show, Suits: LA, which is moving from Vancouver to Los Angeles. Guess how they did it? With some sweet tax credit incentives and lots of dollars, about $12 million to be exact. And there’s more from where that came from – $51.6 million in total!
Major Boost for Hollywood
They’re not just wining and dining Suits: LA though. Oh no. They’re rolling out the red carpet for a host of other big projects. These include the new Community – The Movie, a biopic on singer Janis Joplin starring Shailene Woodley, and even a Hulk Hogan vs. Gawker film by Matt Damon and Ben Affleck. What a lineup, right?
All in all, 19 projects are getting financial help. With all this cash flowing, these productions will cough up a cool $284.4 million in qualified spending. That’s a lot of money and heaps of jobs for folks in the entertainment industry.
Tax Credits Makes a Difference
So why is California being so generous? Well, it’s not just for the fun of it. These tax credits are making a big difference in Hollywood’s bounce back after a tough time. But there’s more to it than that.
If you’re going to tell the story of Janis Joplin, you have to keep it real, right? And that’s exactly what these initiatives are for. They keep the magic real and the authenticity of tales like Joplin’s or Suits: LA’s alive.
California – The Heart of Entertainment
With these tax credits and a program to support sound stages, California is looking brighter than ever. It’s putting a spring back in Hollywood’s step and giving the local workforce a high five. It’s the heart and soul of the entertainment world, and there’s no dispute about it.
But wait, there’s more. The next round of tax credit applications for TV series and feature films is coming up. Yep, later this year and early in 2025.
So, if you’re thinking of filming in LA, there’s never been a better time. California is saying, ‘come on over, we’ve got you covered’. And for us fans waiting to see our favorite stars on screen, it’s like winning the lottery.
We’ve got blockbuster films and series on the way, and they’re all thanks to California’s clever use of tax credits. It’s clear that Hollywood isn’t just a place, it’s a spirit. And California is doing everything it can to keep that spirit alive. From welcoming Suits: LA back home, to celebrating the life of Janis Joplin with Shailene Woodley. We can’t help but look forward to the magic these projects will bring.
Who knew tax credit incentives could lead to such exciting things, right? Now all we have to do is grab our popcorn, sit back, and wait for the magic to unfold on our screens.
So, in the immortal words of those in the biz, ”That’s a wrap!”Check the full story on Project Casting.