In a recent podcast, Adam Scott and Rob Lowe discussed the stark decline of film production in Los Angeles, attributing it to rising costs and better tax incentives offered by other locales. Both actors are now working on projects in Ireland rather than Hollywood. Scott noted a significant 30% drop in productions in LA over the last five years, raising concern within the industry. This trend reflects a broader shift, as regions like the UK gain prominence for film production, attracting Hollywood projects with financial incentives.
Scott's hit sci-fi streaming show, Severance, has been largely filmed in New York and New Jersey, illustrating the shift in production away from Los Angeles.
Lowe argued that it's cheaper to produce in places offering massive tax credits for filming, making it economically unfeasible to shoot in Hollywood.
The number of productions shot on location in Los Angeles has dropped more than 30% in the past five years, causing industry panic.
Hollywood's competition from locations like New York, Georgia, and the UK has intensified, with many locations offering incentives for film productions.
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