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Hollywood fights to keep its role as the world's film capital

Y2kTheNewOldies

Y2kTheNewOldies


Reuters does an overview on how Film and TV production has moved to other places due to tax incentives. We seen a similar one with record labels having their main office in LA but have some of their productions done in Nashville. All of it is to offset costs doing operations.

Permitting data shows production in Los Angeles in 2024 fell to the second-lowest level on record, ahead of only the COVID-19 year of 2020. Production dropped 5.6% from 2023 to 2024 to 23,480 shoot days, according to FilmLA.
A survey of executives by ProdPro found California was the sixth most preferred place to film in the next two years, behind Toronto, Britain, Vancouver, Central Europe and Australia.
While studios including Walt Disney (DIS.N), opens new tab and Netflix (NFLX.O), opens new tab are still based in Los Angeles, that could change, said writer Alexandra Pechman, a "Stay in LA" organizer.
"If they don't commit to shooting projects here, where their offices are, why are the studios here? Those jobs might pick up and leave too," Pechman said.
Duncan Crabtree-Ireland, national executive director of the SAG-AFTRA actors union, said he was optimistic after talks with Hollywood CEOs. One executive told him they had committed to shooting 60 projects in Los Angeles this year.
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musicrow.com

Warner Music Group To Revamp Nashville Offices - MusicRow.com

Warner Music Group has announced that Warner Chappell Music Nashville will move its operations next [...]
musicrow.com musicrow.com


streamrealty.com

Music Row's 17th + Grand Office Building Secures Major Lease, Demonstrating Nashville's Thriving Office Market

Sony Music Publishing relocates HQ to 17th + Grand on Music Row, solidifying Nashville's entertainment hub status.
streamrealty.com streamrealty.com

www.trebas.com

Hollywood North: Why does Hollywood make so many movies in Canada? - Trebas Institute

Did you know some of the top Hollywood movies have been shot in Canada? Discover more about movie locations here and the influence of the Canadian Film Industry on the nation’s economy.
www.trebas.com www.trebas.com

thelinknewspaper.ca

A closer look into Canada’s “Hollywood North” Industry | Fringe Arts

Over the years, Canada gained the savvy nickname “Hollywood North” as the United States’ alternative destination for television and film production. The various scenic landscapes and 20 per cent tax credits in the province of Quebec attracted large studio companies to its doorstep.
thelinknewspaper.ca


Here is the source where some of the film productions to the US is coming from and it's Canada and it's dubbed "Hollywood North" yes at first glance it sounds like they reversed the named of the Los Angeles area district named North Hollywood in the San Fernando Valley area.
 
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www.hollywoodreporter.com

Los Angeles Film and TV Production Levels Hit New Lows

The next six months will be an early test to measure the success of the expansion to California's tax incentive program.
www.hollywoodreporter.com www.hollywoodreporter.com

Here’s a follow up but in this case it added that also includes where the State of California issued subsidies for film productions done in the state as a factor.


Production in Los Angeles has reached another all-time low, a new nadir that will either be a diving board to continuing, deep-rooted erosion or an inflection point in the recovery of the region’s film industry.

The three-month period from July to September saw losses in every category of production — except for a slight uptick in feature film shooting — compared to the same period last year, which saw the then-lowest levels of filming, according to a report from FilmLA, the nonprofit group that handles film permits for the city and county, issued on Tuesday. Shooting in L.A. decreased over 13 percent to 4,380 shoot days over that span.Production in the region has been slipping since the record highs of 2021. Since then, the dual writers and actors strikes hastened the exodus of films and TV shows out of L.A. It wasn’t any one thing but a combination of higher labor costs, oversubscription to the tax credit program and the allure of bountiful subsidies to shoot elsewhere. Amid the steep drop-off in production, California earlier this year expanded the program that gives subsidies to productions that shoot in the state.
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