On Thursday a study released by the Milken institute, coupled with L.A. film czar Ken Ziffren, indicated that Hollywood’s status as number one place for movie and film production is in jeopardy because of greater competition from other states.
Reuters reports the study by the economic think tank showed that between 2004 and 2012, California lost just over 16,000 film and TV industry jobs, while places like New York augmented their film and TV jobs by over 10,000. The study states, "The data shows that other states are being more effective in using their incentives to bring in new productions and create jobs."
According to The Hollywood Reporter, the state currently distributes $100 million in tax credits to the industry, to which Governor Jerry Brown is hesitant to increase. Ziffren, recently appointed to his title by L.A.’s mayor, understands the pressures but remains optimistic with new legislation introduction this month for increased funding.
"I'm hopeful the legislation that is now pending in the assembly will move forward and we will come up with new techniques that will enhance the job market here in California.”
Out of this year’s Oscars, only one of nine best picture nominees was filmed in California.
Photo Courtesy of Wikimedia Commons
