Latest news with #CorporateRetreat
Express Tribune
29-06-2025
- Business
- Express Tribune
California approves $750m film tax boost
Hollywood's home state of California will more than double annual tax incentives for film and television production to $750 million under a measure passed by the Democratic-led legislature on Friday, Reuters reported. The increase from the current $330 million was approved as part of a broader tax bill that is expected to be signed into law by Governor Gavin Newsom in the coming days. Democrat Newsom had advocated for the boost, a step to help reverse a years-long exodus of production from California to places such as Britain, Canada and other US states that offer generous tax credits and rebates. Producers, directors, actors and behind-the-scenes workers have warned lawmakers that Hollywood was at risk of becoming the next Detroit, the automaking capital devastated by overseas competition, if current trends continued. Permitting data showed production in Los Angeles, the location of major studios including Walt Disney and Netflix, fell to the second-lowest level on record in 2024. California has lost more than 17,000 jobs since 2022 from its declining share of the entertainment industry, according to union estimates. Producer Uri Singer said he shot three films in New York to take advantage of its tax incentives. He received a California tax credit to shoot his current project, a horror flick called Corporate Retreat, in Los Angeles. "You can get such good cast and crew that are available that makes shooting in LA financially better," he said. "Besides that, creatively you find here anyone you want, and if you need another crane, within an hour you have a crane." Plus, "the crew is happy because they go home every day," Singer added. Industry supporters also are pushing for federal tax incentives to keep filming in the United States. Republican President Donald Trump has offered a different way to address the issue. Trump said in May that he had authorised government agencies to impose a 100 per cent tariff on films produced overseas. The film tariff has not been implemented.
The Sun
28-06-2025
- Business
- The Sun
California legislature acts to keep film and TV production at home
HOLLYWOOD'S home state of California will more than double annual tax incentives for film and television production to $750 million under a measure passed by the Democratic-led legislature on Friday. The increase from the current $330 million was approved as part of a broader tax bill that is expected to be signed into law by Governor Gavin Newsom in the coming days. Democrat Newsom had advocated for the boost, a step to help reverse a years-long exodus of production from California to places such as Britain, Canada and other U.S. states that offer generous tax credits and rebates. Producers, directors, actors and behind-the-scenes workers have warned lawmakers that Hollywood was at risk of becoming the next Detroit, the automaking capital devastated by overseas competition, if current trends continued. Permitting data showed production in Los Angeles, the location of major studios including Walt Disney and Netflix, fell to the second-lowest level on record in 2024. California has lost more than 17,000 jobs since 2022 from its declining share of the entertainment industry, according to union estimates. Producer Uri Singer said he shot three films in New York to take advantage of its tax incentives. He received a California tax credit to shoot his current project, a horror flick called "Corporate Retreat," in Los Angeles. "You can get such good cast and crew that are available that makes shooting in L.A. financially better," he said. "Besides that, creatively you find here anyone you want, and if you need another crane, within an hour you have a crane." Plus, "the crew is happy because they go home every day," Singer added. Local advocates applauded California's expansion of tax incentives, though they said more needs to be done. Writer Alexandra Pechman, an organzier of a "Stay in LA" campaign by Hollywood workers, called on Hollywood studios to commit to a specific amount of spending in California to support creative workers. "It's time for the studios and streamers to do their part to turn this win into real change for all of us," Pechman said. Industry supporters also are pushing for federal tax incentives to keep filming in the United States. Republican President Donald Trump has offered a different way to address the issue. Trump said in May that he had authorized government agencies to impose a 100% tariff on movies produced overseas. The movie tariff has not been implemented.
The Sun
28-06-2025
- Business
- The Sun
California boosts film tax credits to $750 million
HOLLYWOOD'S home state of California will more than double annual tax incentives for film and television production to $750 million under a measure passed by the Democratic-led legislature on Friday. The increase from the current $330 million was approved as part of a broader tax bill that is expected to be signed into law by Governor Gavin Newsom in the coming days. Democrat Newsom had advocated for the boost, a step to help reverse a years-long exodus of production from California to places such as Britain, Canada and other U.S. states that offer generous tax credits and rebates. Producers, directors, actors and behind-the-scenes workers have warned lawmakers that Hollywood was at risk of becoming the next Detroit, the automaking capital devastated by overseas competition, if current trends continued. Permitting data showed production in Los Angeles, the location of major studios including Walt Disney and Netflix, fell to the second-lowest level on record in 2024. California has lost more than 17,000 jobs since 2022 from its declining share of the entertainment industry, according to union estimates. Producer Uri Singer said he shot three films in New York to take advantage of its tax incentives. He received a California tax credit to shoot his current project, a horror flick called "Corporate Retreat," in Los Angeles. "You can get such good cast and crew that are available that makes shooting in L.A. financially better," he said. "Besides that, creatively you find here anyone you want, and if you need another crane, within an hour you have a crane." Plus, "the crew is happy because they go home every day," Singer added. Local advocates applauded California's expansion of tax incentives, though they said more needs to be done. Writer Alexandra Pechman, an organzier of a "Stay in LA" campaign by Hollywood workers, called on Hollywood studios to commit to a specific amount of spending in California to support creative workers. "It's time for the studios and streamers to do their part to turn this win into real change for all of us," Pechman said. Industry supporters also are pushing for federal tax incentives to keep filming in the United States. Republican President Donald Trump has offered a different way to address the issue. Trump said in May that he had authorized government agencies to impose a 100% tariff on movies produced overseas. The movie tariff has not been implemented.
Hindustan Times
27-06-2025
- Entertainment
- Hindustan Times
California legislature acts to keep film and TV production at home
By Lisa Richwine California legislature acts to keep film and TV production at home June 27 - Hollywood's home state of California will more than double annual tax incentives for film and television production to $750 million under a measure passed by the Democratic-led legislature on Friday. The increase from the current $330 million was approved as part of a broader tax bill that is expected to be signed into law by Governor Gavin Newsom in the coming days. Democrat Newsom had advocated for the boost, a step to help reverse a years-long exodus of production from California to places such as Britain, Canada and other U.S. states that offer generous tax credits and rebates. Producers, directors, actors and behind-the-scenes workers have warned lawmakers that Hollywood was at risk of becoming the next Detroit, the automaking capital devastated by overseas competition, if current trends continued. Permitting data showed production in Los Angeles, the location of major studios including Walt Disney and Netflix, fell to the second-lowest level on record in 2024. California has lost more than 17,000 jobs since 2022 from its declining share of the entertainment industry, according to union estimates. Producer Uri Singer said he shot three films in New York to take advantage of its tax incentives. He received a California tax credit to shoot his current project, a horror flick called "Corporate Retreat," in Los Angeles. "You can get such good cast and crew that are available that makes shooting in L.A. financially better," he said. "Besides that, creatively you find here anyone you want, and if you need another crane, within an hour you have a crane." Plus, "the crew is happy because they go home every day," Singer added. Local advocates applauded California's expansion of tax incentives, though they said more needs to be done. Writer Alexandra Pechman, an organzier of a "Stay in LA" campaign by Hollywood workers, called on Hollywood studios to commit to a specific amount of spending in California to support creative workers. "It's time for the studios and streamers to do their part to turn this win into real change for all of us," Pechman said. Industry supporters also are pushing for federal tax incentives to keep filming in the United States. Republican President Donald Trump has offered a different way to address the issue. Trump said in May that he had authorized government agencies to impose a 100% tariff on movies produced overseas. The movie tariff has not been implemented. This article was generated from an automated news agency feed without modifications to text.
Yahoo
11-06-2025
- Entertainment
- Yahoo
‘American Honey' Star Sasha Lane, ‘My Big Fat Greek Wedding 3' Actor Elias Kacavas Join ‘Corporate Retreat' (EXCLUSIVE)
'American Honey' breakout Sasha Lane and 'My Big Fat Greek Wedding 3' star Elias Kacavas have joined the cast of the horror-satire 'Corporate Retreat.' The pair will appear in an ensemble that includes Alan Ruck ('Succession'), Rosanna Arquette ('Pulp Fiction'), Ashton Sanders ('Moonlight') and Odeya Rush ('Lady Bird'). The film is currently shooting in Los Angeles. Lane's recent credits include 'Twisters' and 'How to Blow Up a Pipeline,' as well as the limited series adaptation of Sally Rooney's 'Conversations With Friends'. More from Variety 'Andor' Star Benjamin Norris, 'Gossip Girl' Actor Zión Moreno Join 'Corporate Retreat' (EXCLUSIVE) 'American Vandal' Star Tyler Alvarez Joins Ensemble of 'Corporate Retreat' (EXCLUSIVE) Odeya Rush Joins Ensemble of Horror-Thriller 'Corporate Retreat' (EXCLUSIVE) Kacavas recently starred in the 'Pretty Little Liars' reboot series. He also starred in the film 'Winter Spring Summer or Fall' alongside Jenna Ortega, and was also featured in the HBO series 'Euphoria.' 'We are really happy to bring Sasha and Elias onboard,' producer Uri Singer said in a statement. 'This cast is so incredible – we can't wait for audiences to see them all together onscreen.' 'Corporate Retreat' is a horror-thriller that follows a group of corporate executives whose team-building getaway spirals into a violent struggle for survival when their retreat leader reveals a deadly agenda. Singer is best known for producing Noah Baumbach's 'White Noise' for Netflix. He has also produced films such as 'Experimenter,' 'Tesla,' and 'Marjorie Prime.' Singer is currently producing an adaptation of Don DeLillo's 'Underworld,' with Theodore Melfi ('Hidden Figures') writing and directing the picture. Aaron Fisher ('Inside the Rain') is directing 'Corporate Retreat.' Lane is represented by WME and The Long Run. Kacavas is represented by Luber Roklin, Vision PR, and Innovative Artists. Fisher is represented by Sovereign Talent Group. Singer is represented by Knol Hanly PC. Best of Variety 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? 25 Hollywood Legends Who Deserve an Honorary Oscar New Movies Out Now in Theaters: What to See This Week
