Los Angeles, once the centre of the entertainment industry, is experiencing a significant decline in film and TV productions. This is due to high costs, inadequate incentives and poor political decisions. In 2023, the production rate in the region fell by almost 20 %, and the share of national projects fell to 18 %, while competitors such as Georgia, Canada and the United Kingdom are thriving with better tax benefits and lower costs.

Major studios are increasingly relocating their productions abroad, and the number of series productions has also fallen sharply. California's tax incentive programme, with a cap of 330 million dollars, is unattractive compared to Georgia's 30 % transferable credit. In addition, rising permit fees and restrictive regulations are discouraging producers, which is hurting the local economy and jobs.

Despite efforts to expand tax incentives, experts warn that this will not be enough without more comprehensive reforms. While some remain optimistic, fundamental changes are needed for Los Angeles to regain its position as a global manufacturing centre.

FILMTAKE reports in detail.

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