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L.A. Film Industry in Crisis | Venice Beach News
L.A.’s film and TV industry is in freefall, with shoots down 20% for films and 30% for TV—part of a decades-long exodus fueled by cheaper incentives elsewhere. California’s revamped tax credits helped a bit but still can’t cover key costs like actor pay or hit the unlimited caps other states offer. Local businesses and thousands of workers are suffering as production “runs away,” forcing layoffs, early retirements, and career pivots. A looming Warner Bros. Discovery-Paramount merger threatens to slash 4,500 L.A. jobs, sparking lawsuits and threats to relocate studios. Yet local leaders are…
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