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HOLLYWOOD STUDIOS REOPENING PLAN

Hollywood studios, guilds release reopening plan for movie, TV production during COVID-19 (usatoday.com)

Auditions behind plexiglass, staggered crew meals, frequent testing and coronavirus compliance officers are some of the recommended guidelines a Hollywood task force has set for resuming movie and TV production “in an environment that minimizes the risk of contracting or spreading COVID-19.”

The Industry-Wide Labor-Management Safety Committee Task Force – whose members include Walt Disney, Netflix, CBS and other top studios, producers and the major Hollywood unions – submitted its recommendations in a 22-page report Monday to California Gov. Gavin Newsom, New York Gov. Andrew Cuomo as wells other government agencies across the country.

What the agencies will do with the report is unclear. But it gives a glimpse of what film and TV work could look like in the years ahead after the pandemic completely shut down production in March.

By Bryan Aleander

Continue Reading at usatoday.com

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GOV. GAVIN NEWSOM’S REVISED CALIFORNIA BUDGET MAY CAP FILM AND TV TAX CREDITS, CUTS PENSIONS, RAISES TAXES, SPENDS RESERVES

Gov. Gavin Newsom’s Revised California Budget May Cap Film And TV Tax Credits, Cuts Pensions, Raises Taxes, Spends Reserves (deadline.com)

On Thursday, California Governor Gavin Newsom proposed a revised $203 billion state budget that attempted to account for the $54 billion gap created by increased expenditures and decreased revenue resulting from the impact of the coronavirus.

The largest cut listed in a budget summary released by the state is the elimination of $2.4 billion in supplemental payments to the state’s largest public pension plans, CalPERS and CalSTRS.

The governor said that he and his staff would also have their salaries cut.

Newsom’s new budget spends California’s $16 billion rainy day reserve over the next three years.

For the entertainment industry, there was some good news. The governor extended the carryover period for film credits awarded under version 2.0 of the California Film and TV Tax Credit Program from 6 years to 9 years.

By Tom Tapp, Dominic Patten

Continue Reading at deadline.com

GOV. GAVIN NEWSOM’S REVISED CALIFORNIA BUDGET MAY CAP FILM AND TV TAX CREDITS, CUTS PENSIONS, RAISES TAXES, SPENDS RESERVES Read More »