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California officially more than doubles film tax credits to position soundstages for a rebound

New $750 million annual funding cap is expected to offer some relief to studio landlords
An empty soundstage at The Lot at Formosa in Hollywood. (Brannon Boswell/CoStar News)
An empty soundstage at The Lot at Formosa in Hollywood. (Brannon Boswell/CoStar News)

California’s dramatic expansion of its film and television tax credit program could bring a surge of production back to Los Angeles soundstages, offering some relief to studio landlords after years of strikes, schedule cuts and mounting capital pressure.

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