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RE: LeoThread 2025-06-05 14:48

in LeoFinance4 months ago

Part 3/9:

Used to be a hub for not only filming but post-production work, Hollywood is now losing its monopoly on film production. Remote work capabilities have enhanced as technology has advanced, enabling editors and sound designers to operate from anywhere globally. This decentralization threatens the traditional ecosystem that has kept the Hollywood industry robust.

Technology has also changed the way productions operate. Major studios are now more inclined to produce films in regions offering better economic conditions, leading to significant job losses in California. If the trend continues, many behind-the-scenes workers, including set designers and sound engineers, could find themselves without opportunities.

Impacts on Jobs and Wages in LA