Hollywood Unions Warn U.S. Film & TV Production Is On The Brink
Key Points:
- A new report commissioned by major Hollywood unions reveals a significant decline in U.S.-based film and television production over the past 25 years, with major studios increasingly filming overseas.
- From 1999 to 2024, the share of production spending by U.S. studios on domestic movies dropped from 74% to 42%, and TV production spending fell from 94% to 64%.
- The number of films and TV episodes filmed in the U.S. by major studios also declined, with movies dropping from 66% to 54% and TV episodes from 96% to 70%.
- This shift has led to a sharp decrease in domestic employment for cast and crew, with the share working on U.S.-filmed projects falling by nearly 30 percentage points for both movies and TV.
- Industry unions and the Motion Picture Association are urging federal action, including a proposed 20% tax credit, to incentivize domestic production and preserve middle-class jobs in the sector.