‘Hollywood Exit’: Milken Institute report shows big film job gains in New York
February 27, 2014
A new report by the Milken Institute could provide fresh ammunition to proponents of an expanded state film and TV tax credit.
Set to be released Thursday, the study entitled “A Hollywood Exit: What California Must Do to Remain Competitive in Entertainment — and Keep Jobs,” paints a bleak picture of the jobs California has lost to New York and other rivals due to the proliferation of film tax credits and rebates.
Among the key findings: California lost 16,137 film and TV industry jobs between 2004 and 2012, an 11% decline, according to figures from U.S. Labor Department’s Bureau of Labor Statistics.