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Saturday, Dec 9, 2023

Warner Bros. Movie Gets Tax Credits

The sequel to Warner Bros.’ “The Joker” was among the film projects chosen to receive tax credits administered by the California Film Commission.

“Joker: Folie a Deux” from Warner Bros. in Burbank is set to receive $12.6 million in tax credits. It was among the 18 films, including 14 independent productions, that together are on track to generate an estimated $915 million in overall production spending across the state.

“Joker: Folie a Deux” director Todd Phillips said that no other city has more resources than Los Angeles when it comes to filming. To have the support for the work he is doing from the commission’s tax credit program is a nice welcome for all those working on “The Joker” sequel, he added.

“Having spent the last several years filming in iconic locales here in the U.S. and around the globe, I’m looking forward to returning to work in the place I call home and to serving the state by bringing a project of this scope to California,” Phillips said in a statement.

Film Commission Executive Director Colleen Bell said it was exciting to welcome back film projects that are susceptible to being lured away to other states or countries.

“In addition to our incentive, we have the best talent, crews, infrastructure, locations, weather and so much more,” Bell said in a statement. “California is ready to help filmmakers make the most of all we have to offer.”

In addition to “Joker: Folie a Deux,” the other three big budget productions receiving tax credits are “The Thomas Crown Affair” with $19.6 million, and two Netflix Productions, “Rebel Moon: Part 2” with $16.6 million in tax credits and an untitled film receiving $20.5 million in credits.

Independent films receiving tax credits include “A Special Relationship” and “Creature” both getting $2.5 million and “Guns and Moses” receiving $735,000.

The California Film Commission, based in Hollywood, received a total of 57 applications during the July 18 to 25 feature film tax credit application period. It has reserved a total of $93.7 million in tax credit allocation for the 18 conditionally approved projects, according to a release from the commission.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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