California legislative leaders have accepted Gov. Gavin Newsom’s proposal to more than double the film and TV credit, in a win for the industry. The state Senate and Assembly leadership have accepted Newsom’s proposed funding level, which more than doubles the program from $330 million. A vote is scheduled on Friday on a trailer bill to make it official, according to multiple sources.
Source: California Legislative Leaders Agree on $750 Million in Funding for Film and TV Credit






In its newly released Industry Insights 2024 report, the United Kingdom’s Publishers Association has announced that, “Audiobooks and fiction drove publishing growth in 2024. “Audiobook revenue was £268 million (US$361.2 million)—a record high that’s 31 percent above the same figure in 2023.” In fact, digital formats are reported to have been “a key driver of growth with increased revenue across all three sectors—academic, educational, and consumer.”