California lawmakers have agreed on a partial carveout for the film and TV industry from a state cap on tax credits. The bill, AB 186, was unveiled on Friday evening. It addresses concerns raised in June by the Motion Picture Association and a coalition of entertainment unions, who argued that the cap threatened to undermine
Lawmakers in Sacramento introduced a budget fix on Thursday that helps film producers by adjusting a state cap on tax credits. The agreement, first reported by Variety on Tuesday, falls short of a full carveout for film and TV tax credits from a blanket $5 million annual cap, which industry leaders have been seeking since
For most of the year, the Barnes Ice Cap in the Canadian Arctic lies quiet under a blanket of snow. By summer, that snow melts back, and the ice cap transforms in texture, its bare ice dotted with turquoise ponds and its surface threaded with meltwater channels. In summer 2026, this seasonal awakening arrived fast and
Microsoft kept its capital spending forecast unchanged on Wednesday, becoming one of the first data center giants to maintain control of the industry’s rampant AI spending. Shares rose about 8% on the news. Earlier this year, the company said it planned to spend $190 billion on capital expenditures this calendar year. On Wednesday’s earnings call,
French authorities have ordered the evacuation of the entire Cap Ferret peninsula on the southwest coast, and hundreds of people have escaped from the area in boats. Tens of thousands of people are being evacuated from the Tourist destination west of Bordeaux, as firefighters continue to battle forest fires ravaging the Gironde region for days.
The Federal Communications Commission said it will vote Aug. 6 to repeal the long-standing limit on television station ownership, replacing a limit that prevents owners from controlling stations in more than 39% of markets with a case-by-case review of transactions that could come before regulators. “Today, national programmers can distribute their programming to 100 percent