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Old 06-09-2017, 10:41 AM   #1
Aspiring Mogul
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TV production coming back to LA.

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Industry insiders said the crunch is the result of a convergence of factors. Not only are producers bringing shows back to L.A. to take advantage of California’s expanded tax incentives, they also are facing unprecedented competition for space from streaming companies like Netflix and Amazon, as well as new-media outlets such as Buzzfeed, which are ramping up production of original shows and signing long-term leases at local facilities.
That's good, but this is due more to tax credits than anything else. Netflix and Amazon are upending the industry, but that would not lead to more production in LA, because that affects the business anywhere in the world.
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