From Fox News · Carly Mayberry · · 1m
Hollywood Hope with Film Tax Credits
Federal film tax credits could revive Hollywood jobs as Paramount stays put.
In brief
Federal film tax credits could revive Hollywood jobs as Paramount stays put. California's film tax credits and federal incentives aim to boost Hollywood production and jobs. Originally reported by Fox News.
Federal Film Tax Credit Push
President Donald Trump's federal film tax credit bill aims to boost Hollywood jobs by 2027.
“Congress should immediately take up and pass a federal film tax incentive to bring back these good-paying jobs that we've lost to other countries.”
California's Film Incentives
California Gov. Gavin Newsom launched new post-production tax credits and AI content protections for filmmakers.
“California is the home of entertainment, full stop. We’re not just protecting that legacy; we’re investing in its future by expanding our film and television tax credit.”
Filmmaker Paul Kampf
Paul Kampf, a 30-year veteran, praised California's incentives as a 'really good start' for American film production.
“No matter where you make your film, whether it's Georgia, Delaware, Puerto Rico or Europe, if you can do your post-production in California, you're keeping jobs here.”
California Film Projects
35 films, including 28 independent projects, have received California production incentives.
“The sequel to Lionsgate’s blockbuster 2026 hit Michael is among the projects, along with a new Pixar film.”
Economic Impact
California's incentives are expected to generate over $1 billion in direct production spending.
“All told, the projects are expected to generate more than $1 billion in direct production spending.”
Hollywood's Future
Hollywood needs a 'facelift' to be seen as a place that is invigorating and investing in filmmaking again.
“Realistically, what I can say is the tax incentives in America are really maybe the best bipartisan entertainment bill that I've seen in the last 10 years.”
Here's the gist
California's film tax credits and federal incentives aim to boost Hollywood production and jobs.
