All articles tagged with #runaway production
Hollywood's looming production crisis is pushing California candidates to center on economic policy, with expanded or uncapped film and TV tax credits framed as a tool to keep jobs and production in state amid AI disruption and industry consolidation, reshaping the governor's race and LA-area contests.
California lawmakers have approved a $750 million annual funding for the Film & TV Tax Credit Program, aiming to boost local production and counteract the trend of runaway production to other states, with additional measures to expand and improve the program's accessibility.
The article discusses the ongoing crisis of film and TV production leaving Los Angeles, driven by economic factors and industry shifts, with new production hubs emerging domestically and internationally, significantly impacting LA's economy and the future of Hollywood.