Michael Jackson Biopic’s To Get Over $21 Million In California Tax Credits! Here’s What We Know

'Michael', the biopic about Michael Jackson, will receive more than $21 million in California tax credits. Read on to know more!

Michael Jackson biopic gets $21 million in California tax credits ( Photo Credit – Wikimedia )

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‘Michael’, the biopic about Michael Jackson, will receive more than $21 million in California tax credits, the state’s film commission announced recently.

The California Film Commission announced the latest round of credit allocations, totalling $81.7 million for 24 projects, reports ‘Variety’. The commission stated that ‘Michael’ will generate $120 million in “qualified” in-state spending, which is more than any other project in the 14-year history of the tax credit programme.

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The project was announced in January, with Jackson’s nephew Jaafar in the lead role. John Branca and John McClain, the executors of the Jackson estate, are producing with Graham King.

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As per ‘Variety’, the project comes with controversy. Dan Reed, the director of ‘Leaving Neverland’, the documentary that accused Jackson of s*xually assaulting two young boys, slammed the new film in a Guardian column, saying it will “will glorify a man who r*ped children.”

The state film commission also announced that ‘The Thomas Crown Affair’ will receive $13.8 million, and an untitled Disney live-action film will be awarded $11.3 million. ‘The Thomas Crown Affair’ had been awarded $19.6 million last August, but subsequently withdrew that request and reapplied.

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The $21.1 million awarded to ‘Michael’ puts it among the largest credit allocations ever provided by the state. California has previously given $22.3 million to ‘Bumblebee’, $21.8 million to ‘Space Jam 2’ and $21.4 million to ‘Top Gun: Maverick‘. Only the first $100 million of “qualified” in-state spending counts towards the state’s 20 per cent tax credit.

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