Joined by elected officials and entertainment industry workers, including Noah Wyle, the star of HBO Max’s “The Pitt” and NBC show “ER,” Newsom said the state will set aside $750 million – instead of the previous $330 million — to give tax credit to more TV and film studios, including independent productions.

According to a press release obtained by NBC News, this is to announce a $750 million film and TV tax credit, which is said to boost "one of California's hallmark industries, Los Angeles' local economy,