L.A. Losing TV Productions to Cities Offering Tax Incentives
L.A. may be forever associated with the television industry, but a growing number of new shows are setting up shop outside the city's limits.
Just 52 percent of the shows produced this year in hopes of landing slots on network cable schedules were shot in L.A., the report said. That's down from 61 percent last year, barely better than the all-time low of 51 percent hit in 2011, and a far cry from the peak 82 percent level of 2007.
Tax incentives offered by other cities, including New York, Atlanta and Vancouver, are convincing producers to take their shows elsewhere. The problem isn't as severe with film-related projects, though.
Meanwhile, L.A. Mayor-elect Eric Garcetti met with industry professionals recently to discuss ways to reverse this trend, including appointing a new film czar to address the issue.
New cable and TV shows aren't eligible for credits under the California TV and film tax credit program, which was focused on retaining film work when it was launched.