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Netflix was the big winner as the California Film Commission awarded a record-setting $138.8 million in film tax credits on Monday.
The streaming service got $43.3 million for three projects, including $18.5 million for the Zack Snyder sci-fi epic “Rebel Moon.” Its other winning projects are “Beverly Hills Cop 4,” which was awarded $15.8 million, and an untitled feature with Jonah Hill, which got $9 million.
The $138.8 million total shattered the previous record for single round of film subsidies, which was $109 million awarded in August 2016. The commission increased the amount this round due to a sizable rollover of unused credits from previous rounds. Many projects were either canceled or relocated due to the pandemic.
For film credits, the commission typically awards anywhere from $40 million to $80 million per round, with two or three rounds per fiscal year. This round actually exceeds the state’s annual allocation to film projects, which is $132 million — or 40% of the total program...
Gene Maddaus
