In total, 11 studio movies and 11 indies will take advantage of the state's film tax incentives program.
Nearly a year from the industry-wide production shutdown, Hollywood is plotting a major return to filming.
The California Film Commission has revealed that 22 feature films have been selected for the latest round of tax credits under the state’s incentives program. That includes 11 indies and 11 studio movies representing a wide range of budgets, genres and locations.
Among the most notable projects are Netflix's Here Comes the Flood, written by Simon Kinberg and to be directed by Jason Bateman; Steven Soderbergh's HBO Max film Kimi, starring Zoe Kravitz; and Universal's Scarface remake, written by the Coen Brothers and to be helmed by Luca Guadagnino.
Other features qualifying for the tax credits include the Eva Longoria-directed Cheetos origin movie Flamin' Hot, the Reese Witherspoon-produced adaptation of bestseller Ashley's War and the Jeremy Pope-led Sammy Davis Jr. biopic Scandalous!
The nearly two dozen projects are estimated to generate more than $430 million in “qualified” spending (meaning below-the-line wages to California workers and payments to in-state vendors.) Nine of the 11 independent films were accepted into the program’s recently added $10 million-and-under qualified spending category, which reserves credits specifically for lower-budget independent films. The largest among them is Scandalous! with $9.95 million in qualified spending.
Together, the projects are on track to employ an estimated 2,546 crew, 695 cast and 26,13 background actors and stand-ins over a combined 718 filming days in California. That doesn't even include post-production jobs and revenue for California VFX artists, sound editors, sound mixers, musicians and other workers.
One of the goals of the revamped tax credits program has been to bring production jobs and spending to regions across California and not just Los Angeles. These films do just that, as 16 of the 22 projects plan a total of 304 filming days outside the city's 30-mile-zone. California’s tax credit program has now incentivized more than 60 out-of-zone film and TV projects.
"We’re excited to welcome so many projects — from big-budget studio films to low-budget indies, and everything in between," said Colleen Bell, the California film commission's executive director. "The tax credit projects announced today are on track to generate thousands of high-wage jobs and an estimated $642 million in overall in-state spending, with more than $430 million going to below-the-line workers and in-state vendors."
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