L.A. TV and Film Production Declines Amid Tax Credit Uncertainty

Film and TV production in Los Angeles has hit a new low, with a significant decline across most categories except feature films, due to higher costs, oversubscribed tax credits, and industry shifts to cheaper locations. The recent expansion of California's tax incentive program aims to reverse this trend, with early signs of potential recovery, but the next six months will be critical in determining if production levels will rebound or continue to decline.