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California Film Industry Faces Crisis Amidst Production Decline
California's film and television production has plummeted by 30% in the first quarter of 2025, largely due to the COVID-19 pandemic, Hollywood strikes, and competition from states and countries with more generous tax incentives; in response, Governor Newsom proposed a $7.5 billion federal tax credit...
California Film Industry Faces Crisis Amidst Production Decline
California's film and television production has plummeted by 30% in the first quarter of 2025, largely due to the COVID-19 pandemic, Hollywood strikes, and competition from states and countries with more generous tax incentives; in response, Governor Newsom proposed a $7.5 billion federal tax credit...
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