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California Grants $71M Animation Tax Credits, Expands to $750M

7/7/2026

Summary

Story summary

California announced $71 million in tax credits for four animation features, including “Donkey” and Disney’s “Hexed.”
The incentive will rise to $750 million per year in 2025 and will also cover television.
$19.2 million funds “Donkey,” $18.5 million funds “Hexed,” and $34 million funds untitled DreamWorks and Pixar projects, together 59% of the $122 million major-studio awards.
Live-action receives $42 million for Warner Bros. and $8.2 million for 20th Century Studios, while independents get $65 million, including $7 million for “Gingerbread Men.”

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Story summary

California announced $71 million in tax credits for four animation features, including “Donkey” and Disney’s “Hexed.”
The incentive will rise to $750 million per year in 2025 and will also cover television.
$19.2 million funds “Donkey,” $18.5 million funds “Hexed,” and $34 million funds untitled DreamWorks and Pixar projects, together 59% of the $122 million major-studio awards.
Live-action receives $42 million for Warner Bros. and $8.2 million for 20th Century Studios, while independents get $65 million, including $7 million for “Gingerbread Men.”