Hollywood’s film and TV production faces a steep decline amid strikes, budget cuts, and shifting audience habits. Industry insiders warn this could signal a looming crisis in entertainment output.
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California is losing movie and TV production to non-US rivals due to rising costs, tax incentives abroad, and streamlined regulations. Industry players are increasingly moving projects overseas to save on expenses, impacting local jobs.
US film and TV production has dropped 40% from pre-strike levels, TheWrap reports. Industry disruptions continue as labor disputes significantly impact schedules and output nationwide.
U.S. film and TV production has dropped 40% from peak TV levels, the Los Angeles Times reports. The decline highlights challenges facing the industry, including shifting viewer habits and economic pressures.
COVID-19 continues to disrupt the entertainment industry, delaying production of popular TV shows. Late night programs are returning to their home studios as the pandemic reshapes television production in the US.