‘Sherlock Holmes 3’ & ‘Purge 5’ Among 10 Features Bestowed Big Bucks From California Tax Credits

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‘Sherlock Holmes 3’ & ‘Purge 5’ Among 10 Features Bestowed Big Bucks From California Tax Credits
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Doubtful the upcoming second Sherlock Holmes sequel will feature the line “elementary, my dear California,” but the Golden State sure helped solve the riddle of how to get the Robert Downey Jr., Ju…

sequel will feature the line “elementary, my dear California,” but the Golden State sure helped solve the riddle of how to get the Robert Downey Jr., Jude Law and Rachel McAdams-led film financed.

Emphasizing job creation and spreading the wealth to keep production in the home of Hollywood, the CFC estimates that the 10 films given the incentive green light today will generate around $310 million in below the line spending to crew and vendors.Filming mainly outside the LA 30-mile studio zone, the Dexter Fletcher directedis expected to splash around $106.8 million in “qualified expenditures” during production, says the now Colleen Bell-led CFC.

Scoring a trio of credited films picked to get a grand total of $37.955 million from state funds makes AT&T-owned Warner Bros looks like the big winner for this latest feature allocation cycle, which ran from June 17 – 21.was the fourth highest rewarded film on the list made public today. It is also the second Purge movie to get money from California.also saw millions from the tax incentive program back in 2013.

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