STATEMENT: Mayor Garcetti on latest round of film tax credit allocations
August 2, 2016
The latest round of the California Film and Television tax credits will give 28 feature films (18 non-independent films and 10 independent films) incentives to shoot in-state. The selected films include the tax credit's first big-budget film project, Disney's "A Wrinkle in Time," which is estimated to bring $85 million in qualified spending to California, employ nearly 400 cast and crew members, and pay $44 million in wages to below-the-line workers. The total aggregate in-state spending for the 28 projects amounts to $880 million, including $326 million in wages for below-the-line crew members.
“A growing number of filmmakers are discovering that it is not only artistically satisfying to make movies in Hollywood — it’s fiscally wise. Both studios and independent production companies, many of which haven’t filmed a project here in years, are working in L.A. again thanks to the California Film & Television Tax Credit Program 2.0, which will generate an estimated $3 billion in direct in-state spending--and counting. I fought hard for this tax credit, because the Angelenos who are the heart and soul of the entertainment industry deserve the opportunity to find good jobs right here at home.” — Mayor Eric Garcetti