California Deficit:  $73 Billion and Growing—Hollywood Billionaires Get $152 Million To Make TV Shows

Thanks to the mismanagement and radicalism of Gavin Newsom and his Sacramento Democrats, we will be cutting funds for schools, roads, making bridges safer and public safety.  Money for health care will be cut.  But Hollywood billionaires will be getting $152 million, so they can make bigger profits.

“The 12 shows are projected to bring in more than $1.1 billion to the state’s economy while providing jobs for 4,500 cast and crew members, Gov. Newsom’s office said, adding that the “Fallout” Season 2 relocation project has one of the largest qualified tax expenditures in Film and Television Tax Credit Program history. 

“Fallout” marks the 33rd series to relocate from another state or country to California since the Film and TV Tax Credit program was launched in 2009, officials said. 

Why should the rich finance their own shows when the California taxpayers will take the risk—while they take the profits.  This is called corporate socialism.

Fallout’ Season 2, 11 other shows to film in California through Film and TV Tax Credit Program 

by: Will Conybeare, KTLA  4/8/24  https://ktla.com/news/local-news/fallout-season-2-11-other-shows-to-film-in-california-through-film-and-tv-tax-credit-program/

California Gov. Gavin Newsom announced Monday that the California Film Commission awarded $152 million in tax credits to 12 television projects through its Film and Television Tax Credit Program

Of the 12 shows, eight of them are new, three are recurring and one — “Fallout” — is relocating to the Golden State from New York, the governor’s office said. 

“From bringing ‘Fallout’ home to keeping classics in California, this program has helped our iconic, world-leading entertainment sector create tens of thousands of good jobs for Californians and generate billions of dollars for communities across the state over the past 15 years,” Gov. Newsom said in a media release. 

The 12 shows are projected to bring in more than $1.1 billion to the state’s economy while providing jobs for 4,500 cast and crew members, Gov. Newsom’s office said, adding that the “Fallout” Season 2 relocation project has one of the largest qualified tax expenditures in Film and Television Tax Credit Program history. 

“Fallout” marks the 33rd series to relocate from another state or country to California since the Film and TV Tax Credit program was launched in 2009, officials said. 

The new TV series being filmed in the Golden state are a “wide range” of projects, Governor Newsom said, including: 

  • Untitled Task Force Series – Amazon MGM Studios 
  • “Dr. Odyssey” and “Grotesquerie” – 20th Television Animation 
  • “NCIS: Origins” – CBS Studios 
  • “Latitude” and “The Pitt” – Warner Bros. Discovery 
  • “Blood Ties” and “Runaway Girl” – Faith Media Distribution 
  • Three untitled recurring projects 

According to Gov. Newsom’s office, filming is expected to start later this year, with more than 1,250 filming days planned in California, 39 of which are planned to be outside Los Angeles city limits. 

More information on the Film and TV Tax Credit Program can be found here.