Newsom Signs Bill Granting Extra $330 Million for Film and TV Industry

EXCLUSIVE: As recent polls show Gavin Newsom at significant risk of being ousted in the Sept. 14 recall election, Jeffrey Katzenberg, Casey Wasserman and Andrew Hauptman are among the names chairing a fundraiser next week for the California governor.

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Bill Prady Bill Prady is probably best known as the co-creator of “The Big Bang Theory.” But four years before the launch of that sitcom mega-smash, Prady — on a lark — was among the motley crew of candidates who ran in the 2003 California recall election circus. Now, as California faces another recall drama, this time an effort to remove Gov.

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Cynthia Littleton Business EditorCalifornia Gov.

Gene Maddaus Senior Media WriterGov. Gavin Newsom traveled to Sunset Gower Studios in Hollywood on Wednesday to sign a $330 million boost to the state’s film and TV tax credit.

“SB 144 enhances and improves the California Film and Television Tax Credit Program which since its inception has resulted in the creation of 156,000 below-the-line cast and crew jobs and has generated $18.4 billion in direct revenue for our State,” the Entertainment Union Coalition said in a statement.

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“Investing in sound stage construction and the creation of studios and filming locations is a critical addition to our efforts in increasing filming in the Golden State,” read a statement from State Sen. Anthony Portantino, who authored the bill.

Sarah Jessica Parker and Cynthia Nixon are back at it!

The California state legislature reviewed a new bill Sunday that would increase the state’s film and television tax credits program by $330 million, with $150 million of that being allocated to the construction of new soundstages in the state, according to multiple media reports.If the bill is signed into law by Gov. Gavin Newsom, it would double the current $330 million that California gives Hollywood in film and TV tax credits each year.

The Golden State is about to hand out lots more gold to Hollywood, if a newly proposed legislative effort secures Gov. Gavin Newsom’s signature.

Gene Maddaus Senior Media WriterThat escalated quickly.In May, Gov. Gavin Newsom announced an extra $30 million for the state’s film and TV tax credit program.