California is pumping $750 million annually into Hollywood tax credits, but there’s a massive catch. While the headline figure sounds like a massive payday, new compliance hurdles are reshaping who actually qualifies.

Studios are now scrambling to adapt their production pipelines. For global audiences, these rigid policy shifts will dictate the future of international co-productions and your favorite streaming release windows.

Studios are now scrambling to adapt their production pipelines. For global audiences, these rigid policy shifts will dictate the future of international co-productions and your favorite streaming release windows.