Progress Report: Film and Television Tax Credit Program & Competition for California’s Entertainment Industry

The California Film & Television Tax Credit Program (Program) was enacted in February 2009 as part of a targeted economic stimulus package to increase film and television production spending, jobs and tax revenues in California. The Program has just commenced its 5th fiscal year. This report will summarize the Program’s progress from its launch in July 2009 through June 2013, and includes spending estimates and project information for the current fiscal year (July 2013 – June 2014). The report also includes a brief overview of California’s entertainment industry and the growing competition for our state’s motion picture production spending, as well as supplementary background on the changing landscape for scripted television series production.

Research & Studies
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LA County Approves New State-of-the-Art Disney Studio

The Los Angeles County Board of Supervisors on Tuesday unanimously approved plans by the Walt Disney Co. to build a high-tech film and television production studio complex on sprawling ranch land in the Santa Clarita Valley.

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L.A. Mayor Declares State of ‘Emergency’ As Movie, TV Production Flees Hollywood

Los Angeles’ new mayor has vowed to help stanch the flow of film and TV production jobs out of Hollywood, starting with the appointment of a film czar at City Hall. But to make a real difference, Eric Garcetti needs to convince skeptical state pols to combat the lure of rich tax incentives from outside California.

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Rhythm & Hues to File for Bankruptcy Protection

Company: Rhythm & HuesCA Net Job Gain/Loss: -200Reason: LayoffCity/Region Losing Jobs: Los Angeles, CANotes: Layoffs as part of company bankruptcy filing

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