California awards $187M in film tax credits to Pixar, Shrek prequel, and Ben Affleck projects as Newsom touts economic impact

Summary

California Governor Gavin Newsom is celebrating the first anniversary of the state's expanded film and TV tax credit program, which was increased to $750 million. The program awarded $187 million in incentives to 41 films, including a Pixar project, a Shrek prequel featuring Eddie Murphy's Donkey character, and Ben Affleck's Gingerbread Men. Newsom touts the program as delivering billions in economic impact for California, using the announcement to highlight job creation and economic growth amid his potential presidential ambitions.

Source

DeadlineCalifornia awards $187M in film tax credits to Pixar, Shrek prequel, and Ben Affleck projects as Newsom touts economic impactdeadline.com