Here’s a reporting from the Hollywood Reporter:
Los Angeles is going through a rough patch right now — well, for a few years actually — but there’s a silver lining ahead, at least for some film and television productions that can secure subsidies in California’s newly expanded tax credit program.
That was the gist of the blue skies mood in Burbank at The Ranch Lot Studios where a group of state and local officials, union leaders and Hollywood notables gathered to take a victory lap over the passage of Gov. Gavin Newsom’s proposal, which lifts incentives for film and TV projects from $330 million to $750 million annually, in the legislature.