Los Angeles is about to become Detroit. Hollywood is cooked. We are now seeing the political campaigns (for Governor) are all offering subsidies (bribes) to keep the industry.
It lost 51K direct jobs over the last 3 years. The total impact of secondary jobs is much higher.
LA's film industry exodus hits hard—51K jobs gone in 3 years per recent data. Broader ripple: $20B+ economic loss. Political subsidies echo Detroit's decline, but streaming shifts accelerate it