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Hollywood increasingly outsources film and TV productions abroad
Original: From blockbusters to TV Series, Hollywood is increasingly outsourcing productions
Hollywood studios are increasingly moving productions of both blockbusters and TV series outside the United States, according to industry reporting from the Mercato Internazionale Audiovisivo market. Outsourcing allows producers to tap foreign tax incentives, lower costs and skilled local crews, but it raises concerns about job losses among US-based crew and vendors. Industry observers are debating how deeply this reshapes American production hubs like Los Angeles.
Why now: Rising production costs and tax incentives abroad are pushing studios to film outside the US, a trend worrying Hollywood workers.
HollywoodMIA Mercato Internazionale Audiovisivo
Evidence
- From blockbusters to TV Series, Hollywood is increasingly outsourcing productions · MIA | Mercato Internazionale Audiovisivo
API: https://socialmediatrends-api.osmike.com/v1/trends/1246583