Los Angeles

Newsworthy

• Los Angeles film and TV production plummeted 22.4% in Q1 2025 compared to the same period last year, with television production down 30.5%.
• Industry experts warn that without competitive tax incentives, California’s entertainment industry faces a Detroit-like collapse as productions flee to states with better financial incentives.
• Governor Newsom has proposed increasing film incentives from $330 million to $750 million, while new legislation aims to boost tax credits to cover 35% of qualified expenditures.
• High housing costs and tax burdens are driving a celebrity exodus from Los Angeles to states like Texas and Florida, further threatening the industry’s cultural center.