Global film and TV production down 7% this year following Hollywood strikes, report says [Los Angeles Times (CA)]
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Source: Los Angeles Times
and TV tracking company ProdPro that illustrates Hollywood's slow return to work in the wake of the writers' and actors' strikes. ProdPro, a relatively new firm that follows film and TV production around the world, also found that production volume and spending levels were 50% lower over the last 12 months compared with the same period a year ago. In the aftermath of the dual strikes — which largely halted film and TV shoots for about six months straight — entertainment workers and companies alike seemed eager to get back to business and resume filming immediately. But production has not rebounded as quickly or strongly as many had hoped, particularly in the Los Angeles area The recent decline in production continues a larger downward trend dating back to late 2022, when the entertainment industry began to feel the consequences of studios' overspending during the streaming wars of the early 2020s. Since then, companies have been cutting back on staff and content in an effort to
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