×
You will be redirected back to your article in seconds

Returning TV Series to Receive $90 Million in Next Round of California Credits

Returning TV series will receive the lion’s share of allocations — $90 million of the $100 million available — in the next round of the California film and TV tax credit program before the commission launches its expanded program.

California Film Commission director Amy Lemisch made the disclosure Thursday at a presentation at the American Film Commissioners International Locations Show at the Century Plaza with program director Nancy Stone. Several hundred attended the event, dubbed California’s Film & TV Tax Credit Program 2.0.

The seemingly massive allocation for returning series for 2015-16 was not a surprise, given that more than $77 million of the $100 million available for 2014-15 was allocated to a dozen series, led by $11.5 million for “Teen Wolf,” “Rizzoli & Isles” with $8.9 million, “Pretty Little Liars” with $8.4 million and “Major Crimes” with $7.9 million.

A lottery determined the other recipients for the remaining $23 million — the same process to be used for the  remaining $10 million of the $100 million will allocated in an April lottery to independent projects with budgets of less than $10 million. No studio features are eligible for the final lottery, only independent projects.

The expanded program, with $230 million in credits left for the 2015-16 fiscal year, is aimed at keeping film and TV in California.

“I think the expanded program is going to be a real shot in the arm for production in the state,” said Steve Dayan, commission chairman, following the meeting. “There may be some uncertainty at first as to how it will work but that won’t last for long.”

The commission will replace the lottery with a new jobs ratio program in May. The application period for $55 million in TV projects and $28 million in relocating TV series will be May 11-17, while the application period for other categories will be some time in the summer.

Lemisch and Stone also said they are expecting approval by early April of the draft regulations that will govern how the $330 million in annual tax credits will be disbursed. The regulations are before the state Office of Administrative Law for final approval.

The duo also disclosed several other nuances of the program, such as the requirement that any project allocated credits must include the film commission logo in the closing credits.

Lemisch and Stone sought Thursday to allay concerns that the jobs ratio would eliminate all but the largest projects — noting that the number will be determined by whichever projects can deliver the most jobs per dollar allocated.

More Film

  • Agustina San Martin Talks Cannes Special

    Agustina San Martin Talks Cannes Special Mention Winner ‘Monster God’

    CANNES – An exploration of the ramifications of God, “Monster God,” from Argentina’s Agustina San Martín, took a Special Mention – an effective runner’s up prize – on Saturday night at this year’s Cannes Film Festival short film competition. It’s not difficult to see why, especially when jury president Claire Denis own films’ power resists [...]

  • Atlantics

    Netflix Snags Worldwide Rights to Cannes Winners 'Atlantics,' 'I Lost My Body'

    Mati Diop’s feature directorial debut “Atlantics” and Jérémy Clapin’s animated favorite “I Lost My Body” have both been acquired by Netflix following wins at Cannes Film Festival. “Atlantics” was awarded the grand prix while “I Lost My Body” was voted the best film at the independent International Critics Week. The deals are for worldwide rights [...]

  • Stan Lee, left, and Keya Morgan

    Stan Lee's Former Business Manager Arrested on Elder Abuse Charges

    Stan Lee’s former business manager, Keya Morgan, was arrested in Arizona Saturday morning on an outstanding warrant from the Los Angeles Police Department. The LAPD’s Mike Lopez confirmed that the arrest warrant was for the following charges: one count of false imprisonment – elder adult; three counts of grand theft from elder or dependent adult, [...]

  • Moby attends the LA premiere of

    Moby Apologizes to Natalie Portman Over Book Controversy

    Moby has issued an apology of sorts after writing in his recently published memoir “Then It Fell Apart” that he dated Natalie Portman when she was 20 — a claim the actress refuted. “As some time has passed I’ve realized that many of the criticisms leveled at me regarding my inclusion of Natalie in Then [...]

  • Bong Joon-ho reacts after winning the

    Bong Joon-ho's 'Parasite' Wins the Palme d'Or at Cannes

    CANNES — The 72nd edition of the Cannes Film Festival wrapped with jury president Alejandro González Iñárritu announcing the group’s unanimous decision to award the Palme d’Or to South Korean director Bong Joon-ho for his sly, politically charged “Parasite.” Following last year’s win for humanistic Japanese drama “Shoplifters,” the well-reviewed Asian thriller represents the yin [...]

  • Invisible Life Brazilian Cinema

    Cannes Film Review: 'The Invisible Life of Eurídice Gusmão'

    A “tropical melodrama” is how the marketing materials bill “The Invisible Life of Eurídice Gusmão.” If that sounds about the most high-camp subgenre ever devised, Karim Aïnouz’s ravishing period saga lives up to the description — high emotion articulated with utmost sincerity and heady stylistic excess, all in the perspiring environs of midcentury Rio de [...]

  • Best Movies of Cannes 2019

    The 10 Best Movies of Cannes 2019

    The Cannes Film Festival is too rich an event to truly have an “off” year, but by the end of the 72nd edition, it was more or less universally acknowledged that the festival had regained a full-on, holy-moutaintop-of-art luster that was a bit lacking the year before. It helps, of course, to have headline-making movies [...]

More From Our Brands

Access exclusive content