Film Incentives
California has launched an enhanced $750 million annual tax credit program to lure back film and TV production amid recent declines. The program, enacted in July 2025, has already approved 119 projects expected to generate significant economic activity. Officials emphasize its role in countering perceptions of a production exodus from the state.
Reported by AI
Japan's Ministry of Economy, Trade and Industry is extending its film and television incentive program through fiscal year 2026, introducing multi-year subsidies to attract more overseas productions. The changes provide greater flexibility by allowing support for projects spanning up to two years, moving away from strict expense reporting timelines. The revamped scheme launches in late spring 2026.