signed a bill on Wednesday that provides an extra $330 million for the film and TV industry, and also carries a new incentive to promote diversity on sets.The bill includes a new $150 million tax credit aimed at promoting the construction of new soundstages. That provision will be earmarked for productions that shoot at least 50% of their schedule on at a newly built studio facility.
Though the state has previously required reporting of diversity statistics, it has never before set a diversity hiring goal in the tax credit program.of more than 51,000 names taken from entertainment union rosters. An analysis of surnames showed that 16.1% of the names are Latino and 4.7% are Asian American — far below the state’s population for both groups.
Since 2015, the state has provided $330 million a year in credits to films and TV shows. The program is aimed at competing with other U.S. states, as well as the United Kingdom and Canada, that had used tax incentives to lure away much of the industry’s production work.
🎉
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newsom administration hires special counsel in probe of California unemployment fraudState officials have hired former federal prosecutor McGregor Scott to serve as special counsel to assist in investigating fraud in California's unemployment benefits system. They've been probing me, up my butthole, with out lube, since October. I used to work 50-70 hrs/wk and live out me vehicle. Somehow homelessness is Unemployment fraud; homelessness is a serious felon in California. $20,000 back pay
Source: latimes - 🏆 11. / 82 Read more »
Will California need a new mask mandate? Delta variant brings Newsom new challengesThough the Newsom administration has thus far deferred to counties, that could change if California continues to see an increase in COVID-19 cases and hospitalizations.
Source: latimes - 🏆 11. / 82 Read more »
Zack Snyder’s Stone Quarry Productions Signs First-Look Film Deal With Netflix (Exclusive)The Stone Quarry Productions, a banner run by filmmaker Zack Snyder, producing partner Deborah Snyder, and executive Wesley Coller, has signed a first-look film deal with Netflix. The two-year deal… W This is gonna be so great! I just hope he's negotiated a little wiggle room for if WB get over themselves and need him for a bit to finish his Justice League arc in-between all his huge wins for Netflix! RestoreTheSnyderverse ZackSnyder
Source: THR - 🏆 411. / 53 Read more »
Olivia Wingate Launches Wingate Media, Unveils Film & TV Development SlateEXCLUSIVE: Former Avalon manager Olivia Wingate has launched the solo production company Wingate Media, bringing all her projects and team with her, we hear. Wingate Media will be headquartered in …
Source: DEADLINE - 🏆 109. / 63 Read more »
African American Film Critics Association: Michaela Coel, Steve McQueen and ‘Lupin’ Among Special Achievement TV HonoreesThe African American Film Critics Association has announced that it will present a number of special accolades at its third annual AAFCA TV Honors on Saturday, August 21. Michaela Coel, the recentl…
Source: THR - 🏆 411. / 53 Read more »
Pandemic Wipes $3.5B Off Film & TV’s Contribution To UK EconomyAs coronavirus continues to wreak havoc on production in the UK, with shutdowns on shows including Bridgerton, a new report has cast light on the scale of the damage caused by the pandemic. Not-for…
Source: DEADLINE - 🏆 109. / 63 Read more »