“Michael,” the Lionsgate biopic about Michael Jackson, will receive more than $21 million in California tax credits, the state’s film commission announced Monday. The California F…
, will receive more than $21 million in California tax credits, the state’s film commission announced Monday.
The California Film Commission announced the latest round of credit allocations, totaling $81.7 million for 24 projects. The commission stated that “Michael” will generate $120 million in “qualified” in-state spending, which is more than any other project in the 14-year history of the tax credit program.. John Branca and John McClain, the executors of the Jackson estate, are producing with Graham King.
The project comes with controversy. Dan Reed, the director of “Leaving Neverland,” the documentary that accused Jackson of sexually assaulting two young boys,The state film commission also announced that “The Thomas Crown Affair” will receive $13.8 million, and an untitled Disney live-action film will be awarded $11.3 million. “The Thomas Crown Affair” had been awarded $19.6 million last August, but subsequently withdrew that request and reapplied.
The $21.1 million awarded to “Michael” puts it among the largest credit allocations ever provided by the state. California has previously given $22.3 million to “Bumblebee,” $21.8 million to “Space Jam 2” and $21.4 million to “Top Gun: Maverick.” Only the first $100 million of “qualified” in-state spending counts towards the state’s 20% tax credit.The full list:Untitled Disney Live Action, Tagalong Films, Inc.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlamaDeFi project aggregator DefiLlama has revealed data showing that DeFi platforms were hit with seven noteworthy attacks throughout February, resulting in over $21 million in losses.
Read more »
7 DeFi protocol hacks in Feb see $21 million in funds stolen: DefiLlamaReentrancy, price oracle attacks, and exploits across seven protocols caused the decentralized finance space to bleed at least $21 million in crypto in February. How do DeFi platforms improve security?
Read more »
Essential California Week in Review: Residents of California mountains trapped in their homesNewsletter: Residents of Southern California mountains are trapped in their homes after the historic winter storm, while Gov. Newsom and the IRS give Californians an extension.
Read more »
High school basketball: Southern California and Northern California Regional results and updated pairingsHigh school basketball: Southern California and Northern California Regional results and updated pairings.
Read more »
Bronx native, Ian Jackson could be one of the city's best basketball players, ever?Ian Jackson has been considered by many to be one of the best NYC basketball players and he's only a Junior
Read more »
Jackson Mahomes reportedly under police investigation for two restaurant assaultsWarning: The following article contains descriptions of violence and sexual assault
Read more »