Saturday, January 23, 2021

L.A. OFFICIALS HOPE TO STEM RUNAWAY PRODUCTION

January 15, 2014 by · Leave a Comment 

Reflecting the flight of many movie production companies to other states and countries offering significant tax incentives, a report from FilmL.A. disclosed on Tuesday that over the past two decades, motion picture location filming has plunged 50 percent. “The popularity of film incentive programs continues to fuel a withering and sustained assault on job prospects for California workers,” the report stated. “Los Angeles film workers must contend with the fact that the one-time economic lifeblood of the local film industry — large-budget features and new scripted television series — has been siphoned away.” The report triggered a comment from Mayor Eric Garcetti, who has been lobbying Sacramento to increase California’s film and TV tax credit. “This report underscores the urgency of our work to reverse runaway production,” Garcetti said in a statement. “The entertainment industry is a cornerstone of our civic identity and our economy, with 500,000 jobs at stake. I will cut red tape at City Hall and fight in Sacramento to make sure L.A. is the best possible place for production and ensure that we are always the entertainment capital of the world.”