Motion Picture Association Applauds Proposed Extension of Production Incentive Program in Governor Newsom’s Budget
LOS ANGELES – California Governor Gavin Newsom today unveiled his 2023 budget proposal which included an extension of the successful California Film & TV Tax Credit program. The following is a statement from Motion Picture Association Chairman and CEO Charles Rivkin:
“Governor Newsom’s budget underscores the importance of funding programs that stimulate our economy and support job creation. That is exactly what the California Film & TV Tax Credit program has accomplished since its inception, even in challenging times. In fact, the 2.0 version of the program was directly responsible for $21.9 billion in economic activity and created more than 110,000 high paying jobs throughout the state. The extension of this program is essential for future economic growth that benefits all Californians.
“The Motion Picture Association applauds Governor Newsom for acknowledging the role California’s film, television, and streaming industry can play in driving economic growth. We look forward to working with leaders in the legislature alongside our union, guild, and other industry partners to pass this important extension that will bolster the creative economy and keep California the home of motion picture production.”
About The Motion Picture Association:
The Motion Picture Association, Inc. (MPA) serves as the global voice and advocate of the motion picture, home video, and television industries. It works in every corner of the globe to advance the creative industry, protect its members’ content across all screens, defend the creative and artistic freedoms of storytellers, and support innovative distribution models that bring an expansion of viewing choices to audiences around the world.
Its member studios are: Netflix Studios, LLC; Paramount Pictures Corporation; Sony Pictures Entertainment Inc.; Universal City Studios LLC; Walt Disney Studios Motion Pictures; and Warner Bros. Entertainment Inc. Charles Rivkin is Chairman and CEO.
Tom Zigo, Motion Picture Association