California losing over $1B to rival states for film, TV production — despite Newsom tax incentives
Government
California’s star is dimming. The Golden State saw 20% fewer movie and TV projects filming in the state compared to a year ago —despite Gov. Gavin Newsom’s massive tax incentives for Hollywood, a new report found. Spending on big and small screen productions also fell 22% year-over-year, according to an analysis by The Hollywood Reporter . The slump came even after Democrat Newsom signed legislation doubling California’s film and TV tax credit program from $330 million to $750 million annually,
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