LA Film Studio Occupancy Drops to 63%, Raising Production Job Concerns

Declining Film Studio Occupancy in Los Angeles

• 📉 A recent report from the nonprofit FilmLA indicates a significant drop in film studio occupancy in the Los Angeles area.
• 📊 Average occupancy rates fell to 63% in 2023-2024, a sharp decline from the 93.5% recorded between 2016 and 2022.

Impact on Production Jobs

• ⚠️ This decrease in occupancy raises concerns that Los Angeles is losing production jobs to competing markets.
• 🌎 Several regions, including the United Kingdom, New York, Georgia, and Ontario, Canada, have seen their stage occupancy more than double over the past five years.

Proposed Solutions

• 💡 FilmLA suggests that the state of California must expand its subsidy programs for the film industry to encourage filming within Los Angeles.
• 💰 These subsidies are seen as a crucial tool to help retain productions and the associated jobs in the region.