‘Joker 2’ and New Sofia Coppola Film to Receive California Tax Credits
22.08.2022 - 18:07
/ variety.com
Gene Maddaus Senior Media Writer“Joker” was a very New York movie — so much so that tourists flocked to the Bronx staircase where Joaquin Phoenix danced in a montage.But the sequel, “Joker: Folie á Deux,” will shoot in Los Angeles, thanks to $12.6 million in tax credits to Warner Bros. from the state of California.The California Film Commission announced its latest round of credit allocations on Monday morning, awarding $93.7 million to 18 projects.
The recipients include an untitled indie film from Sofia Coppola and Amazon’s MGM, which will get $19.6 million to make the latest iteration of “The Thomas Crown Affair.”Netflix — which has dominated recent rounds — once again took the lion’s share of the funding, with $37.1 million — or 40% of the total. The streamer got $16.6 million for “Rebel Moon: Part 2,” just a year after getting $18.5 million in California tax credits to make the first “Rebel Moon,” a space epic from Zack Snyder.
The two “Rebel Moon” films are projected to cost $83 million apiece just in “qualified” in-state spending, which excludes “above the line” costs like actor and director salaries.Netflix was also awarded another $20.5 million on an even larger film, budgeted at $107.7 million in qualified spending. That project is untitled and no other details about it were disclosed.
The “Joker” sequel is listed at $98.7 million in qualified in-state spending.In addition to the four big-budget projects, the commission also announced funding for 14 independent films. They include “Pizza Girl,” a film from Margot Robbie’s production company; “Perfect Strangers,” a remake of an Italian comedy that will be produced and written by Issa Rae, who also stars; and “A Special Relationship,” a biopic about Elizabeth
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