[Ed. – Waaa-aaahhhh.]
The industry’s decline in the Golden State has been difficult for individuals working in the entertainment industry to ignore.
From 2005 to 2013, California’s share of the one-hour TV series market declined from 64 percent to 28 percent, resulting in the loss of an estimated 8,500 jobs, the Film Works petition notes.
According to a report conducted by the San Francisco Film Commission, these job losses not only impact those who were formerly employed, but take a negative toll on the economy as a whole. The study found that every job lost in the film industry results in a loss of $112,000 in spending in the local economy.
And in the past 15 years, feature-film production in Los Angeles alone has declined almost 60 percent.
In an attempt to curve the drop in production, California passed a $100 million film tax incentive in 2009, but it was not enough to keep producers within state borders.
A growing list of states, including Georgia, Louisiana and New York, have established tax incentives that far exceed those passed in California.