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The U.S. Has Been Losing Movie and TV Production for Years. Where Have Lawmakers Been? [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
scripted series shot outside the United States last year; Los Angeles County lost more than 42,000 entertainment jobs from 2022 to 2024; and Paramount Skydance and Warner Bros. Discovery made just 15 theatrical movies combined that filmed in the country over the last two years. The narrative that the U.S. is losing its grip as the production capital of the world took centerstage at a hearing on Friday in Burbank City Hall convened by Sen. Adam Schiff, who's looking to build support for a federal tax incentive to bring jobs back stateside. “The urgency cannot be greater,” he said, before proceeding to call out “unprecedented consolidation” in Hollywood as Paramount Skydance looks to acquire Warner Bros. More from The Hollywood Reporter Hollywood Spending in Illinois Rises as State Aims for More TV and Movie Projects Disney, Warner Bros. Discovery Both Nab $125M+ in California Tax Credits Warner Bros. Opens Ranch Lot Studios In Major Expansion While the hearing was represent Show less Read more
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