Film industry trickles out of LA as Hollywood employment struggles to rebound: 'Seems to be ending now'

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 87%

Business News News

Business Business Latest News,Business Business Headlines

The Los Angeles Times reported Monday that local film and TV production in Hollywood is experiencing its lowest unemployment numbers in more than 30 years.

While Hollywood has suffered blows from the pandemic and its recent strikes, other factors may prevent it from ever reaching its glory days any time soon, according to a recent report. Los Angeles County’s motion picture and sound recording industries remain about 20% less than pre-pandemic levels, hovering around 100,000, The Los Angeles Times reported Monday.

In the past decade, California's share of the nation's motion picture and sound recording industry has dropped from almost 40% to less than 30%, the LA Times reported. Meanwhile, cities outside LA have largely recovered most of their film and TV jobs. Though other cities' entertainment industries are faring better, some insiders the LA Times interviewed believe this could be a more ominous sign for the entertainment industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSİNESS

Business Business Latest News, Business Business Headlines