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# Newsom seeks $1B-plus California film and TV tax credit
- URL: https://www.medianexis.com/newsom-seeks-1b-plus-california-film-and-tv-tax-credit/
- Published: 2026-11-03T00:54:18.000Z
- Updated: 2026-11-03T00:54:18.000Z
- Description: Variety’s Todd Spangler reports that Gavin Newsom is proposing to expand California’s film and TV tax credit from $750 million to at least $1 billion, adding above-the-line coverage and extending the program through 2040.
- Author: The Signals Desk
- Tags: Streaming, Todd Spangler, Newsom seeks $1B-plus California film and TV tax credit

**Why it matters.** Studios and productions weighing where to shoot gain a stronger financial case for staying in California even as the state’s output keeps shrinking.

*Signal from* [*variety.com*](https://variety.com/?ref=medianexis.com) *·* [*Todd Spangler*](https://www.medianexis.com/tag/by-todd-spangler/) *·* [*read the original*](https://variety.com/2026/film/news/gavin-newsom-california-movie-tv-tax-credit-billion-dollars-1236937395/?ref=medianexis.com)*.*