California lost out on nearly $8 billion in economic activity, 28,000 jobs and over $350 million in revenue for state and local coffers from film and TV projects that chose to film elsewhere in recent years.
That’s one of the takeaways in a new report by the Los Angeles County Economic Development Corporation (LAEDC) for the Motion Picture Assn., a trade body for the major studios.
The eye-popping estimate was based on a review of 157 out of 312 projects that applied for but did not receive a California tax credit and took their productions elsewhere between 2015 and 2020.