Story perspectives
California Film Industry Faces 20% Decline, Tax Incentives Proposed
1/20/2026
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Story summary
- The California film and television industry is in a downturn, with a 20% drop in projects and a 22% decrease in production spending year over year.
- Governor Gavin Newsom (California) proposes raising tax incentives from $330 million to $750 million to reverse the trend.
- New Jersey saw a 75% increase in filming and a 12% rise in spending.
- New York nearly matched California's production spending.
