Hollywood Faces 'Detroit-Style' Decline with 42,000 Jobs Lost in LA County
Industry leaders testified at a congressional hearing that Los Angeles County has lost 42,000 entertainment jobs over the past two years, urging passage of a federal film tax incentive to keep productions in the US.
Key Points
- LA County has lost 42,000 entertainment jobs in the past two years
- Sen. Adam Schiff pushing for federal film tax incentive legislation
- Foreign governments are luring productions away with tax incentives
- Noah Wyle testified about the industry decline at congressional hearing
- FilmLA reports small signs of potential turnaround
Full Details
At a March congressional hearing, California Democrat Sen. Adam Schiff met with industry leaders to gain support for legislation creating a federal film tax incentive for movies to be made in the US. During the hearing, Schiff noted that LA County has lost 42,000 entertainment jobs in the last two years. Actor Noah Wyle from 'The Pitt' testified about the decline and how hard it has been on industry workers, stating that foreign governments have successfully lured film and television productions away from the United States with aggressive tax incentives and subsidies. Despite the grim outlook, FilmLA reported small signs of potential industry turnaround in a recent report.
Why It Matters
The loss of entertainment jobs to foreign jurisdictions with better tax incentives could have cascading effects on the broader California economy, including reduced spending on hospitality, real estate, and ancillary services that support the film and television industry.
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