Valuetainment "Tsunami Of Shift" - Disney LAYOFFS & Hollywood COLLAPSE Sparks Media Upheaval
Jun 6, 2025
Disney's recent layoffs spark a discussion on the shifting landscape of Hollywood. The podcast delves into the challenges major media companies face amid the rise of streaming and migration of production away from California. Financial difficulties, changing contracts, and the decline of iconic networks like ABC and ESPN highlight the turmoil. Additionally, the move towards more cost-effective locations like Georgia and Canada signifies a dramatic shift in filmmaking. Networking insights and a contest announcement add an engaging twist to the conversation.
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Disney's Layoffs Reflect Streaming Shift
- Disney is laying off hundreds globally in film, TV, and corporate areas due to streaming shifts and industry turmoil.
- Production is moving away from LA due to high costs and tax incentives in other states like Georgia and New York.
LA Grip's Job Story
- An experienced LA dolly grip found work on an Atlanta set despite never being on a film set before.
- Production in LA has declined so severely that the grip considers shooting outside LA due to lack of opportunities.
Tax Incentives Drive Production Shifts
- California has limited tax credits capped and excludes major salaries, disadvantaging it against states like Georgia with uncapped incentives.
- Cost efficiency now drives TV and film production choices more than ever.