L.A. Mayor Declares State of ‘Emergency’ As Movie, TV Production Flees Hollywood

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    Aug 27, 2013 1:59 AM GMT
    The result of high taxes.

    “I am starting to see people who have never made a feature film in Los Angeles,” Chris Baugh, location manager for Oscar winner “Argo,” which actually shot in L.A., told the small group outside a soundstage. “In fact, they are afraid to. They are concerned that it is too expensive and too difficult.”

    These days studio chiefs insist that filmmakers they work with take advantage of out-of-state incentives to lower production costs, which on a single major motion picture can amount to savings of tens of millions. Those savings are crucial in a franchise-obsessed era when big-budget movies commonly cost north of $200 million to produce, while on the revenue side the DVD market has largely collapsed and cinema attendance has been generally flat over the past decade. In the current climate, most independent projects would not even be produced without incentives.




    http://variety.com/2013/biz/news/l-a-mayor-declares-state-of-emergency-as-movie-tv-production-flees-hollywood-1200589182/
  • musclmed

    Posts: 3274

    Aug 27, 2013 4:15 AM GMT
    GoNYMets2012 saidThe result of high taxes.

    “I am starting to see people who have never made a feature film in Los Angeles,” Chris Baugh, location manager for Oscar winner “Argo,” which actually shot in L.A., told the small group outside a soundstage. “In fact, they are afraid to. They are concerned that it is too expensive and too difficult.”

    These days studio chiefs insist that filmmakers they work with take advantage of out-of-state incentives to lower production costs, which on a single major motion picture can amount to savings of tens of millions. Those savings are crucial in a franchise-obsessed era when big-budget movies commonly cost north of $200 million to produce, while on the revenue side the DVD market has largely collapsed and cinema attendance has been generally flat over the past decade. In the current climate, most independent projects would not even be produced without incentives.




    http://variety.com/2013/biz/news/l-a-mayor-declares-state-of-emergency-as-movie-tv-production-flees-hollywood-1200589182/


    Believe it or not Garcetti wants Hollywood to succeed. He travels in Hollywood circles and they helped elect him. I think on this matter he is genuine, and he knows what to do to prevent production loss.