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California awarded $335M in tax credits to 52 film projects, including major sequels and indie films, to boost its struggling industry.
California has awarded $335 million in film tax credits to 52 productions, including the new "Jumanji" sequel, "Heat 2," and a project by The Daniels, as part of a broader effort to revitalize the state’s film industry.
The expanded program, now capped at $750 million, aims to generate $1.4 billion in economic impact and support nearly 9,000 jobs.
The funding supports major studio and independent films, with 42 indie projects receiving credits, many under $10 million in budget.
The initiative follows a prior $255.7 million allocation for TV shows and comes amid a record number of applications.
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California otorgó $ 335 millones en créditos fiscales a 52 proyectos cinematográficos, incluidas las principales secuelas y películas independientes, para impulsar su industria en dificultades.