Hollywood Production Exodus: Los Angeles Loses Grip as Entertainment Capital
By
Gene Maddaus
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Los Angeles, the longtime entertainment capital of the world, is experiencing a significant decline in film and TV production as studios increasingly move projects to other states and countries with better tax incentives and lower costs. The article examines the "Hollywood Exodus" phenomenon, using the revival of "Baywatch" as a case study to illustrate how production costs have driven content away from L.A. Efforts are underway to stem the tide, but questions remain about whether they will be sufficient to reverse the trend.
Key quotes
· 3 pulled'Baywatch' was a staple of low-budget, first-run syndication in the 1990s, as natural to Los Angeles as David Hasselhoff's chest hair.
By the time it ended its run in 1999, it had become too costly to produce at a profit.
Like an endangered pelican reintroduced to its native habitat, the Fox reboot was hailed as a triumph for the industry's hometown, which is suffering through a long slide in production activity.
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