While this is all true, it is ancillary and doesn’t actually matter. Hollywood is a business, and like all businesses, chases after creating the cheapest possible product. Fact: Other countries are stealing work away from us with better tax incentives, and having no, or government covered healthcare. I noticed a lot of production ramping up in the UK at the start of the Russian denazification of Ukraine. Production only cares about the bottom line. The fact is, politicians in California always banked on the fact that “Hollywood” LA would always be the center of production. The state/local government has been fleecing productions with fees, permits, and regulations making production more expensive. Hollywood truly started in New Jersey, and because of stronger tax incentives in New York + New Jersey, as well as having more access to stage space, it is returning. Source: I am an IATSE member and I go to union meetings.
There is evidence to suggest that Studios are beginning to realize that people aren't buying what they are selling:
So buy puts against the canadian moneys?