California Tax Credits Support Production of “Michael” Sequel

The sequel to the film “Michael,” produced by Lionsgate, will benefit from nearly $31 million in state tax incentives as part of California's efforts to attract film and television productions. The California Film Commission has approved $30.8 million in tax credits for “Michael 2,” which is among 35 projects set to share a total of $226 million in incentives during this funding round.

This initiative is significant for the state's entertainment industry, as it aims to bolster local job creation and stimulate economic activity. By providing these tax credits, California seeks to maintain its competitive edge against other states and countries that offer similar financial incentives to filmmakers.