California has set aside $342 million in tax credits in a bid to jumpstart production of big-budget films, including a record $43.9 million for the next installment in the “ Jumanji ” franchise.

The state is also committing $37.2 million for “ Heat 2 ” from Michael Mann, as well as $38.4 million for the next film from the Daniels , the Oscar-winning team behind “Everything Everywhere All at Once.” The Daniels’ film, from Universal, was already approved for $20.8 million in March, but thanks to the expansion of the state’s incentive program this summer, now finds itself the recipient of a nearly $18 million windfall.

The next “Jumanji” — the fourth overall, and the third since 2017 — is set to begin shooting in November. It is due for release in December 2026. In a statement, direct

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