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Hollywood pain is New Jersey’s gain.As Los Angeles watchesfilm and TV productionsflee in search of cheaper places to shoot, theGarden Stateis capitalizing.
Studios that once prioritized proximity toHollywood backlotsare now chasing the biggest subsidies, pushing work out of California and into Canada, the United Kingdom, Georgia, Louisiana and increasingly New Jersey.
The state pulled in nearly $1 billion in production spending last year from 17 film and TV projects with budgets above $10 million, roughly double the prior year, theWall Street Journal reported.
Its appeal comes from aggressive incentives offering up to 35% in tax credits on local spending, with select long-term deals reaching as high as 45% for studios that commit to filming there for at least a decade.
Lionsgate, Netflix and Paramount secured those top-tier packages, locking in production outside traditional production hot spots..
That shift is already reshaping where major projects are filmed.
Lionsgate’s “Power: Origins” moved production from New York to New Jersey, reflecting how easily shows now relocate based on cost rather than location ties.
Netflix filmed nearly 20 projects in New Jersey over the past year, including “Happy Gilmore 2,” which had a $152.5 million budget and received about $60 million in tax credits.
The streaming giant is also building a more than $1 billion production campus at Fort Monmouth, signaling a long-term footprint in New Jersey.
Source: California Post – Breaking California News, Photos & Videos
