California Boosts TV Industry with $256M in Tax Credits Amid Rising Production
California has allocated over $256 million in TV tax credits to revitalize its film and TV industry, with new legislation expanding eligibility and increasing incentives to attract productions back to the state. Union leaders, lawmakers, and industry stakeholders collaborated to pass Program 4.0, aiming to create more jobs and retain production in California, especially in Los Angeles, amid industry challenges and competition from other regions and countries. The initial approval of projects and increased application rates signal positive momentum for California's entertainment sector.