California faces Hollywood exodus
This is a California news story, published by Christian Science Monitor, that relates primarily to Newsom news.
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HollywoodChristian Science Monitor
•Entertainment
Entertainment
Lights, camera, tax credits? Sagging Hollywood draws attention of California, Trump.
83% Informative
Hollywood is seeing TV and film production flee to places offering better deals.
California 's tax incentives are capped at $750 million per year statewide, more than double the previous cap.
Los Angeles is also the industry’s business center.
Politicians are weighing in with efforts to preserve its identity as the entertainment capital of the world.
California Governor Newsom suggested a collaboration with the president for a $7.5 billion federal tax credit.
Countries like Canada , Hungary , Australia , and the U.K. have been luring film and TV production away from California for decades .
More than half of U.S. states offer tax credits ranging from 20 to 40% of qualifying expenses.
VR Score
84
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81
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66
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Language
English
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48
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14
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