![]() ![]() Over the past decade Georgia has become the third-largest production centre in the US, thanks to a generous tax credit of up to 30% and a fast-growing industry infrastructure that has lured productions - especially big-budget studio features - away from California and New York. The Covid-19 pandemic brought the state’s production inThe pushback from Hollywood over Georgia’s new restrictive voting rights law is threatening to take the shine off the state’s reputation as a busy production hub. TV series persuaded to relocate to California include HBO Max’s The Flight Attendant and Amazon’s Hunters, both of which shot their first seasons in New York. The portion of the total available to relocating TV series, meanwhile, has been cut from 20% to 17%.Īmong projects approved for credits so far under the 3.0 programme have been Zack Snyder’s Netflix sci-fi adventure Rebel Moon, Universal’s untitled Jean-Marc Vallée film and Amazon Studios/Film4 sci-fi thriller Encounter. ![]() However, some independent producers say the process is too complex and lengthy and opt for the more straightforward incentive programmes in Georgia, Massachusetts and Canada The 3.0 programme increases the portion of that total available to independent films from 5% to 8% and splits the independent pot into one category for projects spending less than $10m and another for projects spending more than $10m. This is in addition to the $330m annual allocation that aims to reclaim production business from other states and international hubs. In July 2021, the California State Legislature further boosted the state’s 3.0 tax credit programme, which runs from 2020-25, by making an extra $30m available over the next two years for TV series relocating to California and an extra $150m over two years for series already shooting in the state.Ī further $150m is being offered over the next several years for projects made by companies investing in California soundstage studios and adopting diversity goals for hiring above- and below-the-line workers. Source: Forbes - □ 394.The Golden State has further boosted its incentive programme to woo back and keep features and TV production, and now new studios are being built to match the growing demand. ![]() Netflix Plans $850 Million New Jersey Production Facility Amid Streaming WarsNetflix said Wednesday it plans to invest $850 million into an East Coast production hub in Fort Monmouth, New Jersey, reportedly, even as it struggles to maintain its lead in the streaming wars with other platforms. Netflix Plans $850 Million New Jersey Production Facility Amid Streaming WarsWhen completed, it will be the company’s second-largest U.S. Netflix plans $900M facility at former New Jersey Army baseNetflix says it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900 million, and create thousands of jobs. Netflix plans $900 million production facility at former Army base in New JerseyNetflix said Wednesday it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900. Yo netflix New Jersey sucks WJXT is pathetic! If it's not a dumb irrelevant story, it's lies, and fake news. Similar News:You can also read news stories similar to this one that we have collected from other news sources. They have the nerve to charge us close to $20 a month and yet they run commercials during movies I want to rent and watch? They should only be allowed to accept millions from commercials or the public not both. If I'm paying you $15 to $20 a month don't stick your commercials in on me the government needs to regulate cable if you get from commercials millions of dollars a year you are not allowed to charge the public too I dropped your ass.
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