
Rollout of New California Film Incentives Spurs Industry Optimism
There was a celebratory buzz in the air at the 10th annual California Film Commission breakfast held Wednesday morning at the Sofitel Hotel in West Hollywood, in anticipation of the state’s greatly expanded film and television tax-incentive program going into effect at midyear. Presentations at the event centered on burgeoning expectations that by more than tripling previous subsidies to $330 million a year, employment in California’s television and film industry will be bolstered and the tide of runaway production to other states and countries will be stemmed. […]