The major studio will earn new bonuses from the state’s tax break program as an anchor tenant in a $125 million Newark film studio complex now under construction.
New Jersey has given Lionsgate a “Studio Partner” designation as the state expands its tax credit program to draw more high-profile film and TV projects to shoot locally.
The Hollywood studio, long with an eye to controlling production costs, will now see additional above-the-line wage and salary costs as qualifying expenses to be offset by New Jersey’s film tax credit program.
Lionsgate has been increasing its production footprint in the Tri-State area as its Lions Gate Films division becomes the anchor tenant in a $125 million Newark, New Jersey studio complex, Lionsgate Newark Studios, to be owned and operated by Robert Halmi’s Great Point Studios.
Read the full article published on hollywoodreporter.com.
Last modified: September 9, 2024
