Latest news with #Film&TelevisionTaxCreditProgram
Business Wire
28-07-2025
- Business
- Business Wire
Take 2 R&S LLC Positioned as Industry Leader as California Mandates Safety Advisors in Film & TV Tax Credit Program
LOS ANGELES--(BUSINESS WIRE)--With the California Film Commission's recent enhancement to its Film & Television Tax Credit Program, mandating Safety Advisors on qualifying productions, Take 2 R&S LLC is proud to announce its readiness to meet this critical industry need with unparalleled expertise, infrastructure, and talent. Effective immediately, all productions receiving the California Tax Incentive must now retain Safety Advisors to oversee compliance with set safety protocols. This move—designed to elevate health and safety standards—mirrors longstanding studio-level expectations and aims to protect cast and crew across all production environments. Take 2 R&S LLC, a trusted partner in risk and safety management, is the only firm in California uniquely positioned to fulfill this mandate at scale. The company offers a turnkey solution modeled after major studio safety departments, combining decades of hands-on experience with a robust roster of certified professionals. 'This new requirement aligns perfectly with what we've been doing for years,' said Michael Tamburro, Founder of Take 2 R&S LLC. 'Our team doesn't just check boxes—we integrate safety into the culture of each production. We've built a structure that mirrors the major studios and can scale immediately to support both indie and large-scale projects.' Take 2's Safety Advisors are more than compliance officers—they are production veterans with specialized training in film and television safety standards, OSHA protocols, and incident prevention. The company supports clients with: On-set Safety Advisors tailored to each project's scale and complexity Studio-style infrastructure including incident reporting systems, site inspections, and daily safety briefings Close collaboration with producers, line staff, and labor unions to meet and exceed state mandates As Hollywood adapts to this evolving regulatory landscape, Take 2 R&S LLC is already delivering proactive, trusted solutions—ensuring productions remain eligible for tax incentives while protecting the people who bring stories to life.
Yahoo
06-05-2025
- Business
- Yahoo
Gavin Newsom Asks Trump to Create $7.5 Billion Federal Tax Credit for Hollywood Instead of Tariffs
Gavin Newsom responded Donald Trump's demand for steep tariffs on movies filmed outside the U.S. with a plea for the President to 'partner' with him instead on a proposed $7.5 billion federal tax credit for Hollywood. The proposed tax incentive would be separate from the California state tax credits Newsom is trying to enact, including the proposal announced in October expand the state's Film & Television Tax Credit Program to $750 million annually. It is currently $330 million annually. 'America continues to be a film powerhouse, and California is all in to bring more production here. Building on our successful state program, we're eager to partner with the Trump administration to further strengthen domestic production and Make America Film Again,' Newsom said in a statement Monday night. There is as of this writing no indication the Trump administration has any interest in Newsom's proposal. But Trump insulted Newsom repeatedly during a press conference earlier Monday to discuss his proposed tariffs, blaming him personally for the decline of film and TV production in California. Trump first called for the tariffs on Sunday, saying in a post on his Twitter clone Truth Social that he was authorizing the Department of Commerce and the United States Trade Representative to 'immediately begin the process of instituting a 100% tariff on any and all movies coming into our country that are produced in foreign lands.' Trump also described tax incentives and other tactics used by foreign countries to attract movie productions as 'a national security threat. It is, in addition to everything else, messaging and propaganda.' The post Gavin Newsom Asks Trump to Create $7.5 Billion Federal Tax Credit for Hollywood Instead of Tariffs appeared first on TheWrap.
Yahoo
05-05-2025
- Business
- Yahoo
Gavin Newsom Doubles Down on His Plans for Hollywood Amid Trump's Proposed Film Tariffs
It sounds as though Gov. Gavin Newsom is just as confused as the rest of the world over the logistics behind President Donald Trump's proposed 100% tariff on foreign films — but he isn't about to let that interfere with his plans for Hollywood. 'Governor Newsom continues to champion California's iconic film and television industry — recognizing it as a cornerstone of the state's economy, one that sustains hundreds of thousands of good-paying jobs across every sector around the state,' his spokesperson told TheWrap. 'His plan to more than double the state's film and television tax credit reflects a commitment to keeping production here at home, supporting workers and maintaining California's global leadership in entertainment.' 'If the President announces a proposal with more details, we will review it,' his office's Monday statement further noted. The update came a day after President Trump said he authorized the Department of Commerce and the United States Trade Representative to 'immediately begin the process of instituting a 100% tariff on any and all movies coming into our country that are produced in foreign lands.' 'The movie industry in America is dying a very fast death. Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated,' he wrote on Truth Social on Sunday. 'This is a concerted effort by other nations and, therefore, a national security threat. It is, in addition to everything else, messaging and propaganda!' The White House then caveated that message slightly on Monday, adding: 'Although no final decisions on foreign film tariffs have been made, the administration is exploring all options to deliver on President Trump's directive to safeguard our country's national and economic security while Making Hollywood Great Again.' Later on Monday, Trump then told reporters at the Oval Office, 'I'm not looking to hurt the industry, I want to help the industry … we're going to meet with the industry. I want to make sure they're happy with it, because we're all about jobs.' As for Newsom, he announced a proposal to expand California's Film & Television Tax Credit Program to $750 million annually from $330 million back in October. The California Film Commission then revealed a record 51 films that were approved for the latest round of state tax credits in March. The post Gavin Newsom Doubles Down on His Plans for Hollywood Amid Trump's Proposed Film Tariffs appeared first on TheWrap.
Sky News AU
05-05-2025
- Business
- Sky News AU
Labor Minister Tony Burke vows to stand up for Australian film industry after Donald Trump revealed massive tariffs
The recently re-elected Albanese Government has vowed to protect the local film industry after Donald Trump revealed 100 per cent sweeping tariffs on foreign-produced films. Trump took to Truth Social on Monday (AEST) to slap the levies on films 'produced in foreign lands' to tackle the 'dying' US movie industry. 'Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States,' the US President wrote on his social media platform. 'Hollywood, and many other areas within the U.S.A., are being devastated. 'This is a concerted effort by other Nations and, therefore, a National Security threat.' He also labelled foreign-made films 'propaganda' before announcing he would instruct the Department of Commerce to begin the process of instituting the tariffs on foreign-produced movies immediately. Arts Minister Tony Burke said the Labor government, hot off a massive election win over the weekend, will back the local film industry in the face of these new tariffs. 'I've spoken to the CEO of Screen Australia and we're monitoring this closely,' Mr Burke said in a statement. 'Nobody should be under any doubt that we will be standing up unequivocally for the rights of the Australian screen industry.' The move also sparked backlash from Screen Producers Australia's CEO Matthew Deaner, who warned the tariffs will 'send shockwaves worldwide'. 'For the Australian industry, it reinforces the need for the Government to focus immediately and swiftly on building a resilient local industry that can withstand global shocks like this,' Mr Deaner said. "SPA will continue to monitor developments and await the Executive Order, which should provide further information on this.' It remains unclear how the Trump Administration will apply or implement tariffs on movies 'produced in foreign lands'. Many countries around the globe offer massive tax breaks for movie and television companies for filming locally. The Australian government offers the Location Offset of 30 per cent for productions that spend more than $15m. It also provides a 30 per cent rebate on projects that spend at least $500,000 on post, digital and VFX in Australia. Many productions also film in Toronto and Dublin, where film producers are offered tax breaks, and has led California Governor Gavin Newsom to more than double the state's Film & Television Tax Credit Program to US$750 million annually. Trump's film tariff follows China in April revealing it will limit imports of Hollywood films. This comes as the US has a 145 per cent tariff on Chinese goods while China has 125 per cent reciprocal tariffs.
Yahoo
05-05-2025
- Business
- Yahoo
Trump is trying to put a tariff on movies made outside the US to stop Hollywood 'dying a very fast death'
Trump said he would impose a 100% tariff on movies made outside the US. He said Hollywood was "dying a very fast death" because productions were shifting out of the country. This comes as the film industry has struggled with fallout from strikes and wildfires. President Donald Trump plans to impose a 100% tariff on movies made outside the US. In a Sunday post on Truth Social, the president said other countries are offering US filmmakers and studios incentives to draw them out of the country. He called this a "national security threat" and proposed his tariffs as a way to stop Hollywood from "dying a very fast death." "Therefore, I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands," he wrote in the post. He added, "WE WANT MOVIES MADE IN AMERICA, AGAIN!" The US's commerce secretary, Howard Lutnick, reposted Trump's comments on X on Sunday with the caption: "We're on it." Trump did not specify how the tariff would be implemented or when it would go into effect. White House representatives did not respond to a request for comment from Business Insider. Trump's comments come as Hollywood grappled with numerous challenges from strikes to wildfires. According to Film LA data, the number of film productions in Greater Los Angeles in the first quarter of the year dropped 22% compared to last year. The report said the decline was partly due to the devastating wildfires that ravaged LA in January, which affected about 550 unique filming locations in the city. The domestic film industry was also affected by monthslong strikes in 2023, during which writers and actors demanded increases in wages and benefits and protested the use of AI in filmmaking. A July report by tracking company ProdPro said the number of productions being shot in the US was down 37% in the first half of 2024 compared to the same period in 2022. In October, California's governor, Gavin Newsom, announced a proposal to increase California's Film & Television Tax Credit Program from $330 million to $750 million yearly. This proposal aims to incentivize production houses to keep their work in California instead of moving elsewhere. Besides the movie industry, Trump has imposed a baseline 10% tariff on imports from all countries except China. His tariff rate for China now stands at 145%. Read the original article on Business Insider
