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2025-06-01 01:52:43

Layer3.news on Nostr: cbsnews.com_5 CONCERN GROWS OVER WHETHER THE HOLLYWOOD INDUSTRY CAN SURVIVE IN ...


CONCERN GROWS OVER WHETHER THE HOLLYWOOD INDUSTRY CAN SURVIVE IN CALIFORNIA


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✍️ The film and television industry in Los Angeles has experienced a significant decline in production, resulting in a loss of thousands of jobs. The industry is struggling to recover due to competition from other states and countries offering more attractive tax incentives.
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👉 The film and television industry in Los Angeles has experienced a significant decline in production
👉 The industry has lost approximately 40,000 jobs in 2023
👉 The industry is struggling to recover due to competition from other states and countries offering more attractive tax incentives
👉 California Governor Gavin Newsom has proposed increasing the state's annual film and TV tax credits from $330 million to $750 million

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#PhilMangano #MatthewBelloni #GavinNewsom #CarterEvans #LosAngeles #California #entertainment
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After peaking in 2021, television production in the greater Los Angeles area fell by 58% in three years.
https://www.cbsnews.com/news/concern-over-whether-hollywood-film-tv-industry-can-survive-in-california/

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