Three projects being made by San Fernando Valley area companies received film production tax credits in the latest round of funding by the California Film Commission.
Warner Bros. Pictures, S&K Pictures Inc. and Newsub 76 Productions Inc., all in Burbank, were among the eight studios or production companies receiving part of the $48.3 million available for non-independent feature films. Three independent film or television projects shared in $6.9 million in tax credits.
The California Film and Television Tax Credit Program has $330 million to give out annually to keep productions in the state. Commission Executive Director Amy Lemisch noted that the program is winning back production work that would have gone to other states or countries with their own aggressive tax credit programs.
“We were losing projects that were set here at home, and now we’re back to doubling for other locales,” Lemisch said in a prepared statement. “This demonstrates that when the playing field is more level, the industry views California as the first and best option.”
Two of the projects chosen for the tax credits are partially set in other locales, “Conjuring 2” in England and “Why Him” in Michigan.
S&K Pictures is the production company on “Conjuring 2,” which will be distributed by New Line Cinema, a division of Warner Bros. Entertainment.
Warner Bros. Pictures received tax credits for an unnamed feature film based on the television series “CHiPs,” while Newsub 76 Production received its credits for a feature film title “Whale.”
Paramount Pictures Corp. and 20th Century Fox Film Corp. also received tax credits.
In a bid to retain and attract production jobs and economic activity across California, Governor Brown signed bipartisan legislation in September 2014 to more than triple the size of California’s film and television production incentive, from $100 million to $330 million annually.