FilmLA Urges Major Boost in California Tax Incentives Amid Production Decline
A 20% drop in Los Angeles film and TV production in 2023 prompts calls for increased state support to compete with other regions.
- FilmLA reports a significant decrease in Los Angeles' share of global film and TV production, falling to 18% in 2023 from 22% in 2022.
- The decline is attributed to dual labor strikes, industry shifts, and competition from regions offering more generous incentives.
- New York, Ontario, and the U.K. have increased their production incentives, with New York nearly doubling its tax credit to $700 million.
- L.A. County has launched the Entertainment Business Interruption Fund to support local workers affected by the downturn.
- FilmLA President Paul Audley warns of broader economic impacts if California fails to invest adequately in its entertainment industry.