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60-Second Summary

California’s newly expanded film tax credit is drawing productions back, with 52 movies awarded $334 million in incentives, led by Heat 2 and the next Jumanji. The slate is projected to generate $1.4 billion in economic activity and hire 8,900 cast and crew, mostly in Los Angeles, where filming recently hit an all-time low. Demand doubled from last year’s window as the program raised its cap to $750 million, set a 35% base credit, and opened access for indies. Ten studio titles secured credits; 42 independent films also made the cut, with some shoots heading outside L.A.

About this summary

This 60-second summary was prepared by the JQJO editorial team after reviewing 1 original report from The Hollywood Reporter.