Los Angeles, the heart of the entertainment\u200c industry, has \u2064experienced\u200b a notable decline in film \u200band TV production over\u200b the last three months. According to\u2062 FilmLA, which monitors production\u200c levels through location permit data, overall production has decreased by 12.4% compared\u2064 to the same quarter last \u2062year. This decline is primarily driven \u200cby a staggering \u206457% drop in reality TV production.<\/p>\n
Philip Sokoloski, a spokesman for FilmLA, attributes this decline \u200cto a global contraction in content spending, which began even before the Writers\u2063 Guild of America and SAG-AFTRA strikes \u2064last year. “Los Angeles is not uniquely \u2062suffering at the present time,” Sokoloski said. “The contraction in content spend is going to hit all jurisdictions that rely on steady production volume.”<\/p>\n
While scripted production has somewhat rebounded post-strike, it has \u2062plateaued \u200bat levels \u2062below pre-strike norms. In contrast, reality TV, which was unaffected by the\u200b strikes, has seen a significant decline. \u2062Total \u2064production shoot days are now\u200b 33% below the five-year average, according to FilmLA data.<\/p>\n
Joe Chianese, who handles film incentives at Entertainment\u2064 Partners,\u200c noted that\u200d reality TV is not\u2062 eligible for the \u200bCalifornia film and TV production tax credit.\u200c He\u2062 pointed\u2064 out that\u200d production is starting to pick\u200b up in \u2064other locations like the United Kingdom and Australia, \u2063where \u200ctax incentives are more competitive. “If you\u200d look at the world, it\u2019s really \u2062the U.K, Canada, and \u2063Georgia,” \u200cChianese \u2064said.<\/p>\n
The decline in Los Angeles is\u2062 part of a broader trend affecting the \u200cglobal entertainment \u2062industry. As \u200bproduction costs rise and tax incentives become more\u2062 attractive elsewhere, \u2064many production companies are looking beyond California. The International Alliance of Theatrical Stage Employees \u2063recently reached a tentative agreement, which\u2064 is scheduled for ratification this week. \u2062However, \u2064the Teamsters and other Basic Crafts unions are still in negotiations, with their contract\u2064 set to expire on July 31.<\/p>\n
Sokoloski mentioned that an increase in production next quarter is “possible, pending successful contract negotiations.” He added, “If we see\u200d new content\u200d investment, it will be cautious and measured, and the gains\u2064 will be globally distributed.”<\/p>\n
FilmLA also released a report on soundstage occupancy, revealing that\u2062 it dropped to just \u200d74% during\u200d the\u200b strike in\u200b the\u2063 second quarter of 2023. Historically,\u200d Los Angeles has led the\u2063 world in \u200dsoundstage space,\u2064 with occupancy rates typically holding above 90%. When production declined due to the\u200c strike,\u200b soundstages turned to event producers\u2063 and\u200c marketing \u200bagencies to\u200d fill some of the slack.<\/p>\n
The decline in production in \u2063Los \u2062Angeles raises questions about\u200c the future of the city as the epicenter of the entertainment industry. With other\u2064 regions offering more competitive tax \u2064incentives and a global contraction in content\u2063 spending, Los Angeles faces \u2063significant challenges.<\/p>\n
However, the city still holds \u2062a \u2064unique position in the industry, with its vast infrastructure, talent pool, \u2062and historical significance. The coming months\u200b will be\u200c crucial in determining whether Los Angeles can adapt to these changes \u200dand maintain its status as the entertainment capital \u200dof the world.<\/p>\n
As someone who has\u200c lived in Los \u200cAngeles for over a decade, I’ve seen firsthand the impact\u200b of these changes on the \u2062local community.\u200b The decline in production has \u200baffected not just the\u2062 big studios but\u2063 also the countless small businesses and\u200d freelancers who rely on the \u200cindustry for their livelihoods. The streets of Hollywood, once bustling with film\u2063 crews and tourists, now feel eerily quiet.<\/p>\n
Yet,\u2064 there is a sense of resilience\u200d and hope. The\u2064 entertainment industry\u2064 has always been cyclical, \u200cand\u2062 many believe that Los Angeles will bounce \u200cback. \u200dThe city’s creative spirit remains undiminished, and there is \u200da collective determination to adapt and innovate.<\/p>\n
For those\u2063 interested in exploring the latest in film and TV, here are some must-watch trailers:<\/p>\n
The decline in film and TV production\u2063 in Los Angeles is \u2064a complex issue with far-reaching implications. While\u200c the city \u2062faces significant challenges, there is also an opportunity\u2062 for growth and reinvention. As the industry continues to evolve, \u2062Los Angeles \u2063will need \u200cto adapt to maintain its status as \u2062a global entertainment hub. The coming months will be a critical\u200b period \u2064of transition, \u2063and it will \u2063be\u2062 fascinating \u200cto\u200d see\u200d how the city navigates these changes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Film and TV production in Los Angeles dropped 12.4% in the last quarter, with reality TV plummeting 57%. This decline reflects a global contraction in content spending. Scripted production has plateaued, and total shoot days are 33% below the five-year average<\/p>\n","protected":false},"author":3,"featured_media":883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-movie"],"_links":{"self":[{"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/posts\/881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/comments?post=881"}],"version-history":[{"count":0,"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/posts\/881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/media\/883"}],"wp:attachment":[{"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/media?parent=881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/categories?post=881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/movieetv.com\/wp-json\/wp\/v2\/tags?post=881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}