What's Happening?
CBS is in the process of developing a new cop drama titled 'Flint', starring Matt LeBlanc, which is set to be filmed in Los Angeles if it receives the green light. This move is part of CBS's strategy to increase local productions, joining other series
like 'Matlock', 'NCIS', and 'NCIS: Origins' that are also shot in the area. The decision to keep production local is expected to be welcomed by Hollywood's production workers, who are currently facing low soundstage occupancy. Despite recent updates to the California Film & TV Tax Credit program, production levels have not met expectations. George Cheeks, Chair of TV Media at Skydance-owned Paramount, emphasized the importance of financial incentives, including a federal tax credit, to support local productions.
Why It's Important?
The development of 'Flint' and its potential local production highlight ongoing efforts to revitalize Hollywood's production industry. The decision underscores the significance of tax incentives in attracting and retaining film and television projects in California. This move could provide a much-needed boost to the local economy and employment, particularly for production workers affected by the industry's current challenges. The push for additional tax credits and incentives reflects broader industry efforts to create a sustainable production environment in Los Angeles, which could set a precedent for other states and regions.
What's Next?
Stakeholders, including lawmakers and union leaders, are considering further expansions to the California Film & TV Tax Credit program, potentially including above-the-line cost eligibility and post-production incentives. Discussions are also ongoing about establishing a federal incentive to support domestic productions. The Entertainment Union Coalition is engaging with gubernatorial candidates to explore additional improvements to the production landscape. These developments could lead to significant policy changes that enhance the competitiveness of California's film and television industry.
