Why 'Baywatch' is returning to California and 16 other projects cashing in on the film tax credit
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More than a dozen TV shows were awarded production incentives for filming in California, including several that are relocating from other states, such as action series “Mr.and Mrs.
Smith” and a reboot of “Baywatch.”Together, the 17 series are expected to generate $1.2 billion in economic activity for the state.The shows are estimated to employ a collective 5,165 cast and crew members, as well as more than 35,000 background actors.In total, the shows were awarded about $313 million in tax credits, with season 3 of the post-apocalyptic series “Fallout” receiving the largest credit ($166 million).
“Baywatch,” which relocated from Hawaii and will shoot interior scenes on the Fox lot in Century City, was awarded a credit of $21 million, while “Mr.and Mrs.
Smith,” returning from New York and Italy, was allocated nearly $80 million.The Netflix show “Forever” got nearly $63 million.These shows are the second round of TV projects to receive incentive awards under the state’s revamped film and television tax credit program.
Approved by state legislators and signed by Gov.Gavin Newsom earlier this year, the new program now has a cap of $750 million, up from $330 million.Eligibility criteria was also expanded to allow more types of shows to apply.The changes to the program came after intense lobbying from Hollywood unions, studios and other insiders amid an exodus of filming to other states and countries with more generous production incentives.“California’s creative economy isn’t just part of who we are — it helps power this state forward,” Newsom said in a statement.
“And when we make smart investments like our film tax credit, we’re keeping talent here at home, supporting good-paying union jobs, and strengthening an industry that defines the California brand.”“Baywatch” executive producer and showrunner Matt Nix noted that the wildfires in...