LOS ANGELES, CALIFORNIA - OCTOBER 27: California Governor Gavin Newsom speaks as Los Angeles Mayor Karen Bass (CENTER R) looks on during a press conference at Raleigh Studios unveiling a vast expansion of California’s Film and Television Credit Program on October 27, 2024 in Los Angeles, California. Their proposal would expand the program to $750 million annually, a major increase from the $330 million currently allocated, amid sluggish film and TV productions in Hollywood and across California. (Photo by Mario Tama/Getty Images)