Captain Marvel Awarded CA Tax Credits Jul 24, 2017 10:28:07 GMT -6
Post by The Ultimate Nullifier on Jul 24, 2017 10:28:07 GMT -6
'Captain Marvel,' 'Island Plaza' & 'Midway' Among Films Awarded CA Tax Credits
Captain Marvel, Paramount’s Island Plaza & the Roland Emmerich helmed Midway were among the big budget big screen projects that got some big bucks from the Golden State today as the California Film Commission announced the latest tax credits recipients. Among a total of eight movies awarded the incentives in this round, the Brie Larson starrer with Samuel L. Jackson will receive just over $20.7 million in tax credits. Captain Marvel will also be the first Marvel movie primarily made in Calif since 2014’s Captain America: The Winter Soldier.
Coming off a San Diego Comic-Con weekend where Warner Bros and Disney/Marvel flexed serious franchise superhero muscle with presentations for the upcoming Justice League, Ready Player One, the latest Thor and Avengers pics and Black Panther, Monday’s disclosure by the state agency for the $330 million annual program saw $68 million available for this round.
Here is the full list of the eight studio-based selected projects and independent films along with their credit allocation from the state:
Under the California Film and Television tax credit program which more than tripled in 2014, studios and producers were able to apply for the incentives unveiled today from June 19 – 26. With movies budgeted at over $75 million now eligible the past three years for the 2.0 program, the next big screen application round runs from October 16 -20, while TV projects can make their pitch so to speak from November 6 – 13, 2017.
Spreading the wealth around the state, CFC says more than 50% of the eight projects announced today plan on filming outside the Los Angeles 30-mile zone.
Last month saw the second seasons of NBC’s This Is Us and Timeless, plus CBS’ upcoming S.W.A.T. revival among those small screeners awarded tax credits in the last television round. That period had $51 million available for recurring series and $25 million for relocating series – the latter being a top priority in recent years for the program’s efforts to bring production back to the home of Hollywood.