Hollywood’s Mass Exodus: Why Film and TV Production Is Fleeing L.A. and What Can Be Done About It
Variety reports:
Los Angeles has been the world’s entertainment capital for 100 years and still has an unmatched concentration of talent and infrastructure. But in an age of globalization, with easy international travel and communication, the city is losing its edge.
Everything costs more in L.A., starting with labor, due to the high cost of living and elaborate union agreements. Other states and countries have developed crew bases of their own, are more solicitous of producers’ needs and offer more generous incentives. Producers are also under pressure from the audience to deliver ever more spectacular experiences. Creating a premium product — at a price — often means going overseas.
These trends have been underway for 20 or 30 years. But since the end of the streaming bubble in 2022, America has lost 73,000 production jobs — two-thirds of them in Los Angeles — bringing the issue of foreign competition to a rapid boil.