There’s a clear shift happening right now in the film industry and it’s getting harder to ignore. More and more productions are moving away from Hollywood and into Europe and other regions, mainly because of lower costs and better tax incentives.
A lot of major films and series aren’t even being shot in Los Angeles anymore, but in places like the UK or Central Europe, and studios are now spending more on production outside the US than inside. That’s a pretty big change compared to how things worked just a few years ago.
At the same time Hollywood is still dealing with the aftermath of the strikes and rising production costs, while streaming platforms are cutting budgets and being more selective.
It really feels like the global film industry is rebalancing and Europe is starting to take a much bigger role while Hollywood is slowly losing some of its dominance.
Source:
www.reuters.com
A lot of major films and series aren’t even being shot in Los Angeles anymore, but in places like the UK or Central Europe, and studios are now spending more on production outside the US than inside. That’s a pretty big change compared to how things worked just a few years ago.
At the same time Hollywood is still dealing with the aftermath of the strikes and rising production costs, while streaming platforms are cutting budgets and being more selective.
It really feels like the global film industry is rebalancing and Europe is starting to take a much bigger role while Hollywood is slowly losing some of its dominance.
Source:
Global film industry shrugs off renewed Trump movie tariff threat
Trump has proposed levying a 100% tariff on films produced overseas to stem the loss of film jobs to production hubs around the world, reviving an idea he first broached in May.
www.reuters.com
