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California Film Commission Releases Full List of Movies Awarded Credits in Year Two of State’s ‘Tax Credit Program 2.0’ — Including the Program’s First $100 Million-Plus Feature

Aug 4, 2016  •  Post A Comment

The state of California’s expanded tax credit program has lined up its first $100 million-plus feature film, with that honor going to Disney’s “A Wrinkle in Time.”

The project made history on another front as well, with Ava DuVernay, who will direct the movie, becoming the first woman of color assigned to direct a $100 million-plus film, as we reported separately.

“A Wrinkle in Time,” which stars Oprah Winfrey, is in line for an estimated $18.1 million in tax credits — the most of any movie on the list, by far, and the most since the state more than tripled its tax incentive program in 2014.

Among the other projects lined up for hefty tax credits are Paramount’s “Force,” with an estimated $6.7 million in credits; Paramount’s “Home Invasion” ($7.3 million); New Line’s “Private Benjamins” and “Tag” ($5.2 million each); and Ultimo Films’ “Magic Camp” ($5.4 million). The final list contains 28 film projects, with a final list of TV projects expected soon.

The Film Commission’s announcement notes that “A Wrinkle in Time” is “the type of ‘tentpole’ film previously ineligible under the state’s first- generation tax credit program (Program 1.0), which did not accept projects with budgets greater than $75 million. In contrast, Program 2.0 is open to film projects of any budget (though credits are capped to each studio-produced film’s first $100 million in qualified spending).”

The release adds that the movie “will bring $85 million in qualified spending to California. Nearly 400 cast and crew members will be employed, with $44 million in wages paid to below-the-line workers.”

You can see the Film Commission’s announcement and final list of approved movies by clicking here.

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