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California's film industry is in crisis. Can it be saved?

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California has a film and TV production problem. Industry professionals and experts are trying to determine what can be done to fix it.

In 2021 Vince Gervasi, president and chief executive of Triscenic Production Services, saw an opportunity. For nearly four decades, the Santa Clarita-based company has been the largest provider of set and scenery storage, transportation and other services for the entertainment business. With the industry still in the throes of a streaming surge and the number of productions filmed in Los Angeles increasing dramatically, the company built seven soundstages.

Last year, the New York state legislature boosted the annual film tax credit allocation to $700 million, up from $420 million. The state has doubled down on the film business with aggressive studio expansions. And New Mexico, home of 'Breaking Bad' and 'Better Call Saul,' has continued to be a major draw for productions. In June, Netflix announced it had built an additional four soundstages and other facilities at Netflix Studios Albuquerque.

 

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