California’s Bigger Tax Credits Reel In ‘Jumanji,’ Warner Films

The doubling of California’s film and TV tax credits to $750 million a year is showing promise in bringing production back to the state.

Ten movies from major studios were among 52 films awarded credits in the latest funding from the California Film Commission, the state’s Democratic governor, Gavin Newsom, announced Tuesday.

The projects, with eligible spending ranging from under $10 million to the $162 million planned for a Jumanji sequel, are forecast to inject $1.4 billion into the state’s economy.

“We’re seeing extraordinary momentum right now,” Colleen Bell, the commission’s executive director, said in an interview. ...