The film will get $19.5 million in tax credits and bring $87.9 million to the SF economy.
The tax credit program doles out rebates based on a film's"qualified spending," essentially the amount of, based on wages to production crew and vendors such as hotels and catering. In the state of California, this figure does not include the salaries for the films' stars, which in this case includes A-listers like Lady Gaga and Michael B. Jordan.
Michael B. Jordan poses for a portrait at a press junket at the Montage Beverly Hills in Beverly Hills, Calif. while promoting"Creed II."The four big-budget films announced include a mysterious untitled Netflix project,"Joker: Folie à Deux," Zack Snyder's"Rebel Moon Part 2," and most notably for San Franciscans, the third version of "The Thomas Crown Affair.
The latest remake will shoot 30 of its 54 production days in San Francisco and will result in $87.9 million in qualified spending, with a $19,570,000 tax break. A representative from the San Francisco Film Commission stated that the movie will employ nearly 400 crew members, plus thousands of extras.
Steve McQueen and Faye Dunaway in a publicity image issued for the film, 'The Thomas Crown Affair', 1968.
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