Creed II won $16.7m in Pennsylvania tax credits

The eighth instalment of the Rocky film series, Creed II, was awarded more than $16.5m to film in Pennsylvania. 

The eighth instalment of the Rocky film series, Creed II, was awarded more than $16.5m to film in Pennsylvania.

State records show that the sports movie was approved for $16.7m, according to local news outlet Philly.com.

The movie stars Sylvester Stallone as iconic ex-boxer-turned-coach Rocky Balboa with Michael B Jordan reprising his role of pugilist Adonis Creed.

Pennsylvania offers a 25% transferable tax credit, rising to a potential 30% for feature films, TV movies and series intended for a national audience meeting the minimum stage requirements in a qualified facility. There is an annual cap of £60m.

Earlier this year the state also hosted shooting on a new feature film starring Tom Hanks as iconic children’s TV icon Fred Rogers.

Other recent productions to visit the state include M Night Shyamalan’s Glass, a superhero thriller starring Bruce Willis, Samuel L Jackson and James McAvoy.

Image: Barry Wetcher - © 2018 Metro-Goldwyn-Mayer Pictures Inc. and Warner Bros. Entertainment.

Creed II won $16.7m in Pennsylvania tax credits
Creed II
Creed II won $16.7m in Pennsylvania tax credits
Creed II

The eighth instalment of the Rocky film series, Creed II, was awarded more than $16.5m to film in Pennsylvania.

State records show that the sports movie was approved for $16.7m, according to local news outlet Philly.com.

The movie stars Sylvester Stallone as iconic ex-boxer-turned-coach Rocky Balboa with Michael B Jordan reprising his role of pugilist Adonis Creed.

Pennsylvania offers a 25% transferable tax credit, rising to a potential 30% for feature films, TV movies and series intended for a national audience meeting the minimum stage requirements in a qualified facility. There is an annual cap of £60m.

Earlier this year the state also hosted shooting on a new feature film starring Tom Hanks as iconic children’s TV icon Fred Rogers.

Other recent productions to visit the state include M Night Shyamalan’s Glass, a superhero thriller starring Bruce Willis, Samuel L Jackson and James McAvoy.

Image: Barry Wetcher - © 2018 Metro-Goldwyn-Mayer Pictures Inc. and Warner Bros. Entertainment.

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