California’s Bid to Bring Production Back to State Striking Gold
November 2nd, 2015 by admin
Now that the California Film Commission has unveiled the first round of feature films to receive incentives under the state’s recently expanded tax credit program, producers are indicating that the new scheme is an anti-runaway success.
The tax credit of up to 25% is aimed at keeping the industry in California, despite more lucrative government incentives elsewhere.
Two of the titles that got allocations from the state are set in locales that consistently have lured runaways: New Line’s “Conjuring 2,” partially set in the U.K.; and “Why Him,” set in Michigan.
Besides “Conjuring 2,” perhaps the best-known among the 11 films conditionally selected on Aug. 18 are Warner Bros.’ CHiPs comedy, starring Dax Shephard; Alcon Entertainment’s “Chicken Soup for the Soul”; and an indie film version of David Lynch’s “Twin Peaks.” The 11 films will receive a total of $55 million in credits, and were picked from 254 productions that had applied.
“Twin Peaks” creators Lynch and Mark Frost, whose film received a $2.5 million allocation, say that bringing the project back to California puts the picture “where it belongs.”