California is going big on blockbusters. The state has officially set aside $342 million in tax credits for 52 film projects, ...

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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.

In the first film application round since the state's tax incentive was bolstered, 52 movies received a credit.

Ten major studio features were included in this round. The state saw a 200 percent jump in applications to get filming subsidies.

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Among the projects that will shoot here, a variety: a third “Jumanji” movie, Michael Mann’s “Heat 2,” the new film from the ...

DerParseghian is the recipient of THR's 2025 Business Manager Icon Award.