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Hollywood Economy

All articles tagged with #hollywood economy

L.A. Production Slides in Q3 2026 Despite Record Tax Credit Usage
business1 hour ago

L.A. Production Slides in Q3 2026 Despite Record Tax Credit Usage

On-location filming in Los Angeles dropped 4.8% in Q3 2026, even as the state's expanded tax credit program nearly doubled its share of scripted production. While the incentive program is successfully attracting specific titles, overall shoot days remain significantly below five-year averages, prompting local officials to call for further policy changes.

L.A. Mayoral Race Sharpens Over Paramount-WBD Merger Stalemate
business2 months ago

L.A. Mayoral Race Sharpens Over Paramount-WBD Merger Stalemate

Los Angeles mayoral candidates Nithya Raman and Karen Bass have adopted opposing stances on the Paramount-Warner Bros. Discovery merger, with Raman supporting the antitrust lawsuit and Bass urging a negotiated settlement. A new county report warns the deal could eliminate 4,500 local jobs and $1.26 billion in wages over three years, intensifying the debate as the trial is set for March 2027.