![]() ![]() Hollywood Insiders Say 'Depression-Era Level' Production Crisis Makes State Incentives Urgent | Exclusive VideoBy Jeremy Fuster Deep into a months-long process to overhaul California’s entertainment tax incentive program, a group of producers, labor leaders and lawmakers joined WrapPRO’s exclusive roundtable to go inside the work being done to save the Golden State’s struggling production industry. With television production in Los Angeles down 58% from its 2021 peak, state legislators are working with Gov. Gavin Newsom on plans to raise the cap of the California Film and Television Tax Credit Program from $330 million to $750 million while greatly expanding the types of productions that can apply. Among those legislators is Hollywood Assemblyman Rick Chavez Zbur, who spoke about the urgency of protecting a cornerstone of California’s economy. ![]() Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. |