Teen Wolf California Tax Incentives

A shift in the timing of TV production — with more early summer premieres — has led to a 33.7% surge in second-quarter TV activity in the Los Angeles region, according to a report by the FilmL.A. agency.

The report showed 5,761 permitted days of TV production during second quarter, a gain of 1,451 days from the 2013 period. First-quarter activity had lagged by 9.2%, due partly to production delays.

Second-quarter TV dramas gained 58.6 % to 1,191 days; reality jumped 64.1% to 2,550 days; sitcoms rose 5.5% to 402 days and web-based TV increased 3.4% to 379 days.  Pilot production slid 26.6% to 282.

FilmL.A. reported last month that Los Angeles had lost its leadership in one-hour drama pilot production for the 2013-14 development cycle, which saw New York retain 24 drama projects — a convincing lead over the 19 drama projects retained in Los Angeles.

Legislation to expand California’s production incentive program has been approved by the State Assembly and the State Senate’s governance and finance committee. California’s current program is smaller — at $100 million in tax credits annually — and narrower than those in competing jurisdictions.

In the latest round of allocations announced July 1, the fifth season of MTV’s “Teen Wolf” (pictured above) will receive $11.5 million in tax credits, the highest of the 26 new allocations from California’s Film and Television Tax Credit program for the 2014-15 fiscal year.

“FilmL.A. is committed to broadening understanding of California film industry trends
and practices,” said FilmL.A. President Paul Audley. “Today’s report illustrates the
challenges we sometimes face in interpreting film industry data. It’s crucial that
observers understand the losses the region has already suffered, so as to view reported
short-term gains with the proper perspective.”

FilmL.A. said its research  operation is preparing a supplemental analysis of local TV drama production for release in early August. It noted that 43.2% of TV drama production (515 days) was generated by projects that qualified for the tax credit incentive program including “Legends,”  “Major Crimes,” “Murder in the First” and “Teen Wolf.”

Movie production declined 5.3% to 1,665 days in the second quarter, including 180 days of projects awarded the California film incentive including “American Sniper,” “Entourage,” “Scouts vs. Zombies” and “The Purge 2.”

The movie production levels finished last quarter within 0.1% of their 5-year rolling average.

“History teaches us how quickly apparent gains in local production can be swept away,”
Audley said. “Strengthening the programs that make California competitive and
attractive for filming is essential to our state’s long-term prosperity.”

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