Leonardo DiCaprio Produced ‘Akira’ Adaptation Gets Huge Tax Credit

The Leonardo DiCaprio produced “Akira” film now has sufficient funding and a revealed filming location to move forward with. The California Film Commission presented the project with a favorable $18 million tax credit among its list of tax allocated film and television titles.

As reported on Deadline, the Warner Bros. film was among 18 projects that received tax allocations on Tuesday. The story from Deadline:

“We are thrilled with the opportunity to shoot Akira in California,” said Ravi Mehta, Warner Bros. Pictures EVP of physical production and finance on Tuesday of the film and the tax credits it has been awarded. “The availability of top-notch crew members, plus the wide variety of location choices and predictable weather are second to none,” the exec added of the upcoming project.

The project will be filmed entirely in California and will prove eloquent production design spending, given its 2060 Tokyo, Japan set landscape. “Akira” is being adapted to live-action from the Katsuhiro Otomo’s anime/manga series. The story is dipped in cyberpunk science fiction action aesthetic. The ingenious “Thor: Ragnarok” director Taika Waititi will be at the project helm with the support of producer Andrew Lazer and the Warner Bros. company.

California’s film and television tax credit initiative includes the following slated projects:

This kind of economic backing will raise “$43 million in wages to 200 below-the-line crew members and more than 5,000 extras during its 71 days of filming,” as noted by Deadline. In a stride to avoid the bloated cost incentives of other locations, the California Film Commission is looking forward to the collective invested value of these projects.

From the Deadline article:

In full, the math for this latest round of awards for the 18 films is estimated to generate about $408 million in what the CFC call “qualified expenditures.”

DiCaprio will be producing as part of Appian Way, along with Jennifer Davisson.

What are your thoughts on this big tax credit for “Akira” and the other film/tv projects announced? Let us know in the comments section!