Movie studios abandon LA
Hollywood is a ghost town, according to NBC LA Channel Four.
Why have movie studios abandoned Los Angeles (LA) and Hollywood?
According to Philip Sokoloski, it is taxes.
“Over 120 jurisdictions offer tax relief to make films. Meanwhile, California hasn’t changed its tax model for Hollywood since 2014.”
The worst years for movie production in LA are:
last year, down 22.4%
2020 (COVID-19), when production was zero
The first quarter of this year shows Hollywood’s movie production is down 22.9%.
Film LA is a 33-year-old nonprofit governmental organization (NGO).