The streamer was granted the largest amount of financial production aid of $43.3 million. The funds will contribute to the making of a “Beverly Hills Cop 4” reboot, “Rebel Moon,” among other projects.
After moving to virtual in the wake of the pandemic last year, NATPE Streaming Plus will return as a hybrid event, both in-person and virtually, live from the W Hollywood Hotel in Los Angeles, California, on September 14, 2021.
The fund increase follows state Governor, Gavin Newsom's decision to grant $30 million additional for film and TV tax credit programs. The bill is expected to pass both houses.
The company has acquired the worldwide rights of the feature film that tells the true story about Joanne Lee-Beck’s life with gang member Jay Hunter as they fought against racial injustice in the 1990’s.