California Governor’s Proposal to Boost Film Industry

California Governor Gavin Newsom is set to unveil a significant proposal aimed at enhancing the film industry in California during a press conference in Los Angeles on Sunday.

Newsom’s address will take place at Raleigh Studios Hollywood, located at 5300 Melrose Ave. E, LA, CA 90038. The event is scheduled to start at 1:45 p.m. Pacific.

While specifics of the proposal remain undisclosed, it arrives at a challenging moment for the entertainment sector in its native state. Earlier this month, FilmLA reported a 5% decline in production across Greater Los Angeles during the third quarter of 2024, totaling 5,048 shoot days.

This marks the weakest quarter of the year thus far, reflecting a 36.4% decrease from the five-year average and falling below levels seen during strikes. The reality TV segment was particularly affected, with a 56% drop in production during this period.

The statistics highlight the troubling conditions many entertainment professionals in Los Angeles are currently facing, as noted in TheWrap’s Holding on in Hollywood series.

As described by those in the industry, trends indicate that the unemployment crisis is likely to worsen due to studio cost-cutting measures and growing risk aversion. Additionally, there has been an increase in productions relocating to other cities and states, including shows specifically set in Los Angeles, such as Reasonable Doubt, which shifted its production from LA to Atlanta for its second season.

A positive note is that feature film production actually saw a 26.6% increase last quarter, amounting to 476 shoot days.