"Sacramento did its job, now it's time for L.A. city to do our job," Mayor Karen Bass added, pledging to streamline permitting processes for the industry.

Gov. Gavin Newsom (D-CA) touted the $750 million tax credit for film and television made in his state, calling it a “big part” of the “renewal” for Los Angeles. Newsom’s signature doubles the current tax credit of $330 million.

Gov. Gavin Newsom traveled to a studio in Burbank on Wednesday to celebrate the expansion of the California film and TV tax credit to $750 million. In brief remarks, Newsom noted that other states — including Texas,