As California loses jobs to Canada, the U.K., and overseas incentives, studio executives, producers, unions, and lawmakers are pushing for an unprecedented federal response to keep Hollywood competitive.
LOS ANGELES | For more than a century, Hollywood has been synonymous with the entertainment industry. From the golden age of cinema to the streaming revolution, Los Angeles served as the unquestioned capital of global filmmaking.
Now, industry leaders fear that dominance is slipping away.
A growing number of film and television productions are leaving California in favor of Canada, the United Kingdom, Eastern Europe, Australia, and competing U.S. states, drawn by lower costs, generous tax incentives, favorable exchange rates, and less burdensome production regulations.
The trend has accelerated dramatically since the end of the streaming boom, creating what many insiders describe as the most serious economic challenge facing Hollywood in decades.
