The Massive Moviemaking Exodus from Hollywood
Hollywood's film and television production has sharply declined as studios shift work to other states and countries seeking lower costs and better incentives. This exodus is shrinking local jobs and economic activity that once fueled LA's creative sector. Entrepreneurs in entertainment, tech, and related services now face tougher competition for fewer opportunities in the region.
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Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to Politico; we do not republish the article.