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EXCERPT:
David Ellison, CEO of Paramount Skydance, has reportedly been backing a bill for a federal film tax incentive that has bipartisan support.
Multiple sources confirmed to Variety that that Ellison has spent at “least six months in exploratory meetings for the proposed legislation.” Ellison also met with Republican leaders in Washington, D.C., on Monday to discuss the legislation.
A federal film tax incentive would provide significant financial relief to content producers fleeing the U.S. for rebates around the world. A federal program would also sweeten the deal in Hollywood’s home state of California, whose AG Rob Bonta is leading the charge on the searing antitrust lawsuit waged today against Ellison over Warner Bros.