Hollywood Unions Warn That Film and TV Prod at a Breaking Point
Summary
Hollywood's production slowdown is becoming a bigger concern for the people who make films. Unions are pushing for stronger U.S. production incentives as more spending moves to international locations.
A coalition of major entertainment unions has pointed to a long-term decline in the share of film and television production spending taking place in the United States. A study covering 1999 to 2024 found that the share of spending on films with significant U.S.-based production fell by 32 percentage points, to 42%. Industry groups argue that competing countries and regions are attracting productions with more aggressive financial incentives. Unions and lawmakers are now advocating for a federal tax credit intended to bring more work and jobs back to the U.S.