California has set aside $342 million in tax credits in a bid to jumpstart production of big-budget films, including a record $43.9 million for the next installment in the “Jumanji” franchise.
The state is also committing $37.2 million for “Heat 2” from Michael Mann, as well as $38.4 million for the next film from the Daniels, the Oscar-winning team behind “Everything Everywhere All at Once.” The Daniels’ film, from Universal, was already approved for $20.8 million in March, but thanks to the expansion of the state’s incentive program this summer, now finds itself the recipient of a nearly $18 million windfall.
