Bunheads Tax Credcits

ABC Family’s cancellation of Amy Sherman-Palladino’s ballet dramedy “Bunheads” has led to seven projects receiving allocations from the California Film Tax Credit program.

Five films were moved up from the state’s waiting list — “Sam and the White Tiger” from Eclectic Pictures; the Untitled Ted Griffin Project from  Atlas Independent LLC; “Perfect Heist” from Screen Gems; “Xoxo” from Lionsgate; and “Straight Outta Compton” from Universal City Studios LLC.

Two movies of the week have been granted allocations:  “Mr. Fiction” from Mirow Limited, and “Art and Soul” from Houdon Limited.

The amount of individual allocations was not immediately disclosed. The second season of “Bunheads” received the sixth highest allocation of the 31 projects announced by the California Film Commission — which ensured it would receive the credit this year if it remained in California.

Six weeks later, ABC Family decided against renewing “Bunheads” after its first run failed to draw significant viewership for the Disney-owned cable net.

Producers submitted 380 applications for the state’s latest round of California’s Film and Television Tax Credit — up 18% from last year’s 327 submissions.

It’s not uncommon for waiting list projects to wind up with the credit. A year ago, 28 projects were initially announced but 75 projects ultimately were cleared for the tax credit allocation as some projects dropped out of the program due to scheduling delays or other production-related issues, clearing the way for projects on the waiting list.

The new round of tax credits will not be released to the producers until after production is completed and an audit has established that the production funds were spent in California.

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