Producing film and television in places like the UK, Canada, Texas, New York, and New Jersey has become cheaper than staying in California, but Governor Gavin Newsom has a plan to save Hollywood, which saw a boost on Monday.
“An extra injection of money into the system that in many cases wasn’t anticipated to be this large because in many ways this program looked like it was coming to its end and a new program was going to take over,” said Dominic Patten, the executive editor at Deadline. “The number of jobs that are created out of these tentative allocations is a big number and that big number is a good number for people who are seeing a decline in double digits over the past several years in Hollywood.”
California’s film and television tax credit program is bringing 48 upcoming major studio projects and independent films to the state, which are expected to employ more than 6,500 cast and crew and 32,000 background performers. These projects are expected to pay more than $302 million in wages and will generate $664 million in total spending…