Home » Michael Jackson Biopic to Get $21 Million in California Tax Credit

Michael Jackson Biopic to Get $21 Million in California Tax Credit

by NatashaS
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Michael,” the Lionsgate biopic about Michael Jackson, will obtain greater than $21 million in California tax credit, the state’s movie fee introduced Monday.

The California Film Commission introduced the newest spherical of credit score allocations, totaling $81.7 million for twenty-four initiatives. The fee acknowledged that “Michael” will generate $120 million in “certified” in-state spending, which is greater than another mission within the 14-year historical past of the tax credit score program.

The mission was introduced in January, with Jackson’s nephew Jaafar within the lead function. John Branca and John McClain, the executors of the Jackson property, are producing with Graham King.

The mission comes with controversy. Dan Reed, the director of “Leaving Neverland,” the documentary that accused Jackson of sexually assaulting two younger boys, slammed the brand new movie in a Guardian column, saying it should “will glorify a person who raped youngsters.”

The state movie fee additionally introduced that “The Thomas Crown Affair” will obtain $13.8 million, and an untitled Disney live-action movie will likely be awarded $11.3 million. “The Thomas Crown Affair” had been awarded $19.6 million final August, however subsequently withdrew that request and reapplied.

The $21.1 million awarded to “Michael” places it among the many largest credit score allocations ever supplied by the state. California has beforehand given $22.3 million to “Bumblebee,” $21.8 million to “Space Jam 2” and $21.4 million to “Top Gun: Maverick.” Only the primary $100 million of “certified” in-state spending counts in the direction of the state’s 20% tax credit score.

Netflix has dominated current rounds of credit score allocations, however didn’t seem on the listing this time.

The full listing:

Studio Films

“Michael,” Lions Gate Entertainment Inc., $ 21,070,000
Untitled Disney Live Action, Tagalong Films, Inc., $ 11,306,000
“Thomas Crown Affair,” Metro-Goldwyn-Mayer Pictures Inc., $ 13,777,000

Indie Films

“A Bright And Guilty Place,” ABGP81 LLC, $1,118,000
“Abundance,” Abundance Film LLC, $896,000
“Atropia,” Atropia LLC, $823,000
“From Dust to Dust,” American Zoetrope, $796,000
“Goodrich,” Frances Goodrich, LLC, $1,765,000
“Home School,” Home School LLC, $2,016,000
“Hurricana,” Pydo Productions, $810,000
“Lips Like Sugar,” Lips Like Sugar Film, LLC, $1,470,000
“Live” Live, LLC, $2,752,000
“Nobody Nothing Nowhere,” Department of Motion Pictures, $2,399,000
“Original Tru,” Original Tru Production LLC, $1,099,000
“Pizza Girl,” Maggot Productions II, Inc., $1,644,000
“Puritan II,” Starmaker Studios LLC, $2,500,000
“Shell,” Juniper, LLC, $2,500,000
“Sons of the Silent Age,” Kathryn Roughan, Producer, $855,000
“Superbloom,” Annapurna Productions, LLC, $1,163,000
“The Faith of Long Beach,” The Faith of Long Beach Film LLC, $1,212,000
“The Invite,” Invite Distribution, LLC, $2,500,000
“The Knockout Queen,” Atlas Entertainment, $2,500,000
“Trees & PhDs,” Inner Child LLC, $1,893,000
“Unstoppable,” AE Ops, LLC, $2,500,000



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