Originally published: May 4, 2010
Last updated: May 4, 2010 - 8:16pm
Warner Brothers and Sony Pictures' Screen Gems have been the most aggressive studios in taking advantage of California's new film tax credit aimed at keeping production from leaving Hollywood's backyard.
The California Film Commission has approved more than $20 million in state film tax credits for Warner Bros. films expected to shoot in L.A. this year. California's film tax credit program offers producers of films costing up to $75 million a tax credit of 20% of qualified production expenses. The program, which is capped at $100 million a year, allows companies to apply their credit against whatever income and/or sales and use taxes they owe the state.
- DirecTV poised to launch premium video-on-demand as theater executives voice outrage
- Piracy legislation pits Hollywood against Silicon Valley
- 'The Hobbit' will usher in a new technology at movie theaters
- Hollywood unions, networks and studios mount anti-piracy offensive
- Search starts for MPAA chief Dan Glickman's replacement
- New Line Cinema to merge into Warner Bros.
- Hollywood Studios, Cable Systems Tout On-Demand Films
- Time Warner Profit Rises on Film Slate, Cable-TV Channel Sales
- Warner Bros. Settles Big 'Smallville' Vertical Integration Lawsuit
- Movie studios tout job creation
- DirecTV to launch premium video on demand Thursday with 'Just Go With It'
- China appeals WTO ruling against media restrictions
- Hollywood studios agree pay-TV deal
- Digital Turf War
- Former Sen Chris Dodd to head Motion Picture Association of America