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22 days ago•Source: Variety
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1.87 min•1 year ago
"Hollywood Faces Workforce Shift and Decline Amid Strikes and Streaming Era"
A study reveals that the Los Angeles region's share of national Film and TV employment fell by 8% during the 2023 Hollywood strikes, with the entertainment workforce becoming less dependent on traditional film and TV and more diverse and tech-oriented. The report highlights significant shifts in the industry, including a rise in employment in areas like software publishing and media streaming, and an increase in college-educated and racially diverse workers.
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Hollywood Loan-Out Corporations Face Uncertainty Amid Industry Alarm
IndieWire•1 year ago
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Hollywood in Turmoil: The Loan-Out Corporation Crisis Explained
Variety•1 year ago
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"Hollywood Loan-Outs Face Uncertain Future"
The California Employment Development Department (EDD) is challenging the Hollywood practice of paying workers through loan-out companies, which could have significant implications for the industry. The EDD argues that payments should be made directly to the loan-out corporation owners as wages, potentially affecting many productions and workers. Major payroll providers and unions are opposing this position and are preparing to challenge the EDD's stance.
"Los Angeles Production Sees Sluggish Rebound Post-Strike, Shoot Days Down 8.7% in Q1"
Los Angeles' on-location filming declined by 8.7% in the first quarter, with television production down 16.2% year-over-year, while reality TV production dropped 18.6% and TV comedy production plunged by 51.5%. However, feature film production rose slightly during Q1. The film office attributes the slowdown to runaway production, series cancellations, and planned reductions in content spend, leading to limited industry output and work opportunities. Industry professionals are expressing concerns about the slow return to work and the impact on job opportunities.
"BBC Drama Boss Unveils Fearful Industry's Mega 12-Show Slate, Pushing Boundaries and Taking Risks"
BBC drama boss Lindsay Salt suggests that the industry has shifted from "peak TV" to "peak caution," expressing concerns about risk aversion and a retreat into safe bets due to financial pressures and commercial imperatives. She aims to reshape the drama landscape by encouraging risk-taking and redefining "state of the nation" drama, prioritizing currency, character, and empathy in storytelling. Salt emphasizes the need for more iconic characters and a departure from flashy concepts, highlighting the BBC's unique support and freedom for creatives.