Film and Pen
Section

Media Industry

Coverage of the business and economic aspects of the media and entertainment industry, including mergers, acquisitions, and financial trends.

Editorial illustration for California Enacts New Post-Production Tax Credit (AB 2319) to Boost Film and TV Industry
Media Industry

California Enacts New Post-Production Tax Credit (AB 2319) to Boost Film and TV Industry

California has enacted Assembly Bill 2319, establishing its first standalone tax credit for film and television post-production work, effective January 1, 2027. This new legislation aims to attract high-skilled jobs and economic activity by incentivizing post-production services within the state, even for projects filmed elsewhere.

Julian Mercer· Oct 1· 5 min read
California State Capitol building at sunset with a film reel motif, representing the expansion of film tax credits and the state's support for the entertainment industry.

California Governor Signs Bill Expanding Film Tax Credits

Leo Hartmann · Sep 20
A symbolic representation of the merger between Dattner Dispoto Associates and Worldwide Production Agency, showing two distinct office buildings converging into one powerful global entity.

Dattner Dispoto Associates and Worldwide Production Agency Merge

Leo Hartmann · Jun 24
A vibrant film set at night, with crew and equipment under bright lights, symbolizing the $500 million investment in film and TV production by Allegro Finance.

Allegro Finance Launches $500M for Film and TV Production

Amelia Frost · Apr 25
Film crew on a sustainable set, showcasing the integration of nature and technology in Illinois' green film production initiative.

Illinois Offers 5% Green Film Tax Credit for Sustainability

Amelia Frost · Apr 25
A cinematic image depicting a modern corporate office building with the Sony logo, and executives in a boardroom discussing strategic plans, symbolizing Sony Pictures' major reorganization and staff cuts.

Sony Pictures Announces Staff Cuts in Major Reorganization

Sony Pictures is undergoing a major global reorganization, including staff cuts, to strategically pivot towards key growth areas like video game adaptations and anime. This move aims to reshape the studio for a rapidly changing media landscape.

Leo Hartmann· Apr 9· 6 min
A modern corporate building with the Disney logo, conveying a sense of corporate change and restructuring under new leadership, reflecting recent job cuts.

Disney Plans Layoffs Under New CEO Josh D’Amaro, Cutting 1,000 Jobs

The Walt Disney Company is planning to cut as many as 1,000 positions, primarily within its marketing divisions, marking the first significant workforce reduction under new CEO Josh D’Amaro. This move signals a strategic shift toward operational efficiency and cost reduction.

Amelia Frost· Apr 9· 6 min