Schwarzenegger announces aid for films shot in California

Schwarzenegger has already unveiled the first 25 films and television shows that will receive subsidies if they are filmed in California. These include "Naked Gun 4," "Beverly Hills Chihuahua 2" and "Second Wives Club." These films will benefit getting tax credits for a value of $ 67.5 million dollars.

"We must do everything in our power to revive the economy and provide jobs for the citizens of California," the governor said, noting that it referred primarily to artists, caterers and countless other small businesses that supply the film and television industry.

The number of Hollywood made films has declined by half since 2003. Louisiana, New Mexico and Arizona, among others, have started using tax incentives and other benefits to aggressively compete with Hollywood.

The California legislature was approved in February this year in response to this exodus. A five-year program will give tax credits the the filming industry in the amount of $ 500 million if the movies and TV shows are made in California.

Written by Armen Hareyan
Materials from El Mundo and California Legislature are used in this report.