Sherlock Holmes 3 wins California tax credit

Sherlock Holmes 3 is set to film in California, having secured a tax credit of nearly $21m.

The Warner Bros. feature is among ten films that have been allocated tax credits in the latest round of funding as part of the California Film Commission’s Film and TV Tax Credit Program 2.0.

Variety recently broke the news that Dexter Fletcher is in the frame to direct Sherlock Holmes 3, with Robert Downey Jr set to reprise his lead role.

The film is anticipated to generate an estimated $106.8m in qualified expenditure, the second-highest to date after Captain Marvel’s $118m.

The ten successful projects – five independent, five non-independent - are expected to spend around $310m in total qualified spending while employing around 1560 crew, 469 cast and 31,550 background actors over a combined 453 filming days in the Golden State.

Significantly, eight of the ten films will shoot outside the Los Angeles 30-Mile Studio Zone, including Purge 5, expected to film for 25 days in San Diego County.

California Film Commission executive director Colleen Bell said of the news: “A key goal for Program 2.0 is to bring the economic benefits of film and TV production to regions across the state, and that’s a goal we’re achieving on a consistent basis”.

Robert Downey Jr image: Getty Images Ent/Timothy Hiatt.