February 3, 2023

Pjnews

Today's News Headlines, Breaking News & Latest News from India and World, News from Politics, Sports, Business, Arts and Entertainment

New Jersey tops film spending, $650 million in TV in 2022

2 min read

Film and TV production spending in New Jersey will peak at $650 million in 2022, a record level of lensing activity that reflects the Garden State’s efforts to attract Hollywood productions.

New Jersey Gov. Phil Murphy announced the milestone earlier this week, citing the success he has generated since he reinstated the state’s manufacturing tax incentive program in 2018. Murphy was in California this week to continue his campaign, meeting with studios, production and tech companies. Filming facilities across the river from Manhattan.

Movies and TV series shot in New Jersey provided more than 8,500 jobs last year. That number is expected to increase as the state sees a surge in activity after Thanksgiving, Murphy said.

“Following the reinstatement of the Film and Digital Media Tax Credit program and game-changing investments in our rapidly expanding film and television industry, production has exploded over the past four years as more people learn about what New Jersey has to offer,” Murphy said. “This tremendous growth has fueled thousands of jobs for New Jersey residents and provided economic benefits to our towns and cities.”

Murphy made reinstating the production tax credit a high-priority after his election in 2017. His predecessor, Chris Christie, ended a previous program on MTV’s “Jersey Shore” after being unhappy with the portrayal of the state and its residents. Receive tax credits from the state. New Jersey expanded its incentive program last year.

Production activity will increase significantly in the coming years as New Jersey expands its infrastructure and soundstage availability. Netflix is ​​building a major studio complex at a long-closed Army facility at Fort Monmouth, NJ Lionsgate has teamed up with the state to build a studio and performing arts complex in Newark.

New Jersey Economic Development Authority CEO Tim Sullivan said, “From the beginning, Governor Murphy was determined not only to grow production, which we have done, but also to attract major studios to New Jersey. “With a flood of interest from major content producers, we will see millions over the next three years. Square feet of studio space available.”

Leave a Reply

Your email address will not be published. Required fields are marked *