The Hollywood sign is seen as it is repainted in preparation for its 100th anniversary in 2023, in Hollywood on Sept. 28, 2022.After taking a buyout from a major company, an L.A.-born producer is struggling to make ends meet, illustrating how locals working in the entertainment industry are being priced out of their own city.Those who enter Hollywood from a middle-class L.A.
With a consulting gig that offers freedom but requires constant hustle, once the basics are accounted for in Los Angeles, there’s not only no money left for a retirement fund for this person who’s 43 years old, but also no vacations and relying on their parents’ Costco runs for such basics as toilet paper and paper towels.This development producer accepted a voluntary buyout from a major entertainment company.
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