Newsom says film tax incentives are bringing Hollywood home but industry experts warn it may be 'too late'
Gavin Newsom's film and television tax credit is "too late" after years of Hollywood studios outsourcing film production for cheaper locations including Canada. He added that many are hoping to secure jobs on long-running television series in search of greater stability."I have networks of friends who are actors, who are crew members, who are directors, who are writers trying to get scripts sold. Then we're going to have possibly this major merger between Paramount and Warner Brothers, are they going to keep two massive studio lots?
- ▪Gavin Newsom's film and television tax credit is "too late" after years of Hollywood studios outsourcing film production for cheaper locations including Canada.
- ▪He added that many are hoping to secure jobs on long-running television series in search of greater stability."I have networks of friends who are actors, who are crew members, who are directors, who are writers trying to get scripts sold.
- ▪Then we're going to have possibly this major merger between Paramount and Warner Brothers, are they going to keep two massive studio lots?
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Media Newsom says film tax incentives are bringing Hollywood home but industry experts warn it may be 'too late' More than 80 production service businesses have closed Los Angeles since 2022 due to a lack of work By Nora Moriarty Fox News Published July 24, 2026 11:04am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Newsom says film tax incentives are bringing Hollywood home — but experts say it may be too late Film industry experts told Fox News Digital California Gov. Gavin Newsom's film and television tax credit is "too late" after years of Hollywood studios outsourcing film production for cheaper locations including Canada. NEWYou can now listen to Fox News articles! California Gov.
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