

On June 2, the California Film Commission approved 48 projects for the Tax Credit Program, including a $20 million allocation for Netflix. Its untitled feature film, awarded the most of any project, is set for 110 California filming days with 128 cast and 425 crew.
Warner Bros., Lakefront Productions, and Twentieth Century Studios were a few of the other non-independent companies approved. Sony Pictures received $8 million for the Keke Palmer, SZA sequel to One of them Days.
The California Film Commission made changes to the program beginning July 1. A major adjustment involves the refundable tax credit. In the past, studios could only use tax credits when they had tax liability in California. Now, studios receive cash back if they cant apply the tax credits to their in-state liability.
Major studios aren’t the only ones benefiting from tax credits. 43 of the 48 titles selected are independent films. Governor Gavin Newsom announced that 37 independent projects with budgets of $10 million or less received the credit. According to his website, the allotment is “contributing to the state’s goal of expanding access to underrepresented filmmakers and promoting more inclusive storytelling.”
The Governor plans to double the amount given to productions from $330 million to $750 million. Legislature is planning to address the increase later this month.
The 48 projects are expected to generate $664 million in spending across the state and employ over 6,500 cast and crew.
