The entertainment industry in California won a crucial lifeline when Gov. Gavin Newsom signed a $420 million boost to the state’s film and TV tax incentives program into law in 2025. Now, stakeholders claim that win is in jeopardy thanks to language in a recent state budget bill that was signed into law on June 29. And they’re racing to pass a solution by the end of the legislative session. “Budget bill SB 122 puts our program at risk by retroactively changing the rules and threatening the recovery efforts of our already fragile industry throughout California,” reads one letter that entertainment unions are encouraging their members to…
