As Axel Foley would say: “Okay, everybody’s ready here, okay.” Everybody is here to the tune of almost $15.8 million for Netflix and Paramount’s Beverly Hills Cop 4 with Eddie Murphy an…
Adding up to $138.7 million in tax incentives, the 23 allocations emerged from a total of 56 features that applied for the credits late last month. Putting that investment back into circulation, the almost two dozen projects are estimated to create $678 million in what the CFC call “qualified” spending in the state. Qualified spending is defined as below-the-line wages to California workers and payments to in-state vendors.is planned to generate $78 million in in-state spending alone.
Ever since then Governor Jerry Brown inked legislation back in 2014 that took California’s $100 million lottery system program into the big leagues, the emphasis has always been on employment and opportunity. To that end, the allocated films announced today will employ 4,088 crew, 873 cast and 40,621 background actors/stand-ins over a combined 953 filming days the state, says the CFC.
With the increasingly lucrative $330 million annual program getting a massive temporary injection of an additional $330 million from recall facing Governor
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