Is LA Losing Its Competitive Edge as the Go-To City for Movie and TV Productions?

The greater Los Angeles area remains the premier filming location in the United States for scripted entertainment content. However, it is facing growing competition from other locations, as revealed in a new report released on Tuesday.

According to the report by FilmLA, the region’s total production experienced less than 1% growth between 2021 and 2022, while the overall industry output grew by 4%. Additionally, competing jurisdictions saw significant growth during the same period.

The Scripted Content Study conducted by FilmLA analyzed projects produced between 2021 and 2022, focusing on four categories: television series (streaming, cable, and broadcast), original made-for-cable movies, first-run feature films in theaters, and original feature films for streaming services.

The organization states that approximately 1,000 projects meeting these criteria are distributed each calendar year. In the past, FilmLA issued separate reports on the film and television sectors.

“The transformation that our industry has undergone in recent years has been profound,” said FilmLA President Paul Audley. “This study establishes a baseline for us to comprehend the challenges that lie ahead, at a time when many predict a reduction in industry output.”

While the growth rate of the Los Angeles area remains relatively flat, the United Kingdom and the state of Georgia have experienced year-over-year increases ranging from 50% to 200%, except for theatrical release movies. These locations have achieved high rates of production capture across multiple categories, according to researchers.

“Greater Los Angeles’ main competitors share two key features: substantial production support infrastructure and strong production tax incentives,” stated the report. “As media companies seek to reduce costs under pressure from Wall Street, it is safe to assume that production centers offering the best balance of these features will become even more attractive to U.S. producers.”

California and New York have film incentive programs with annual funding caps and sunset dates. California’s film incentive is valued at $330 million per year, while New York recently raised its annual funding cap from $420 million to $700 million.

“Given California’s less robust incentive and the rapid expansion of studio infrastructure in other jurisdictions, it is likely that the Golden State’s ability to attract film and television projects will be limited in the future,” stated the report.

FilmLA is a not-for-profit organization and serves as the official film office of the city and county of Los Angeles. The group plans to release updated reports annually.

Reference

Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
DMCA compliant image

Leave a Comment