21st Century Fox Inc. and Time Warner Inc. emerged as the top potential beneficiaries of $82.8 million in television tax credits under California’s expanded program to bring film and TV production back to the state.
Of 11 projects selected, Fox won conditional approval for three, including “American Horror Story,” which will return to California after filming in Louisiana. Time Warner’s HBO also has three shows that qualified, including the critically acclaimed “Veep” which may relocate from Maryland, the California Film Commission said in a statement Tuesday.
The state is more than tripling its film and TV subsidies to $330 million annually from $100 million and is awarding grants partly based on the number of jobs they create. Of the sum announced Tuesday, $55.2 million is earmarked for new series, miniseries, TV movies and pilots, and $27.6 million is for relocating programs.
“We are excited to have been accepted into the relocation program and are exploring next steps,” HBO said in an e-mailed statement.
Fox didn’t respond to a request for comment.
In July, the state will consider applications for $48.3 million for feature films and $6.9 million for independent projects, according to the statement. In November, the state will award another $92 million in potential credits for films and TV production.
“The newly expanded California Film Tax Credit is encouraging new TV production in the state and is bringing several projects from other states,” Mike Rossi, senior adviser to Governor Jerry Brown, said in the statement.
Based on data provided with each application, the 11 approved projects will generate an estimated $544 million in direct in-state spending, including $216 million in wages for crew members, the state said.