Even Major Hollywood Studios are Leaving California
Posted By Daniel Greenfield On June 5, 2014 @ 4:15 pm In The Point | 2 Comments
When Hollywood leaves Hollywood, you know things are bad.
Sony Pictures Imageworks is moving its headquarters from Culver City to Canada.
The visual-effects unit, which employs about 270 people, said it was moving a bulk of its operations to Vancouver, where it already has a satellite studio, the Los Angeles Times reported.
A small staff will remain in Los Angeles. The move will cut costs due to Canadian tax breaks, the Times said.
For the moment this is just the visual effects unit, but considering how much filming is done abroad, it’s not a good sign.
Movies are going where the tax credits are. Canada is already tied with California.
California produced 68 percent of the top 25 movies at the worldwide box office in 1997. In 2013, it was down to eight percent. Of the 26 live-action films with production budgets over $100 million, just two — “The Hangover Part III” and “Star Trek: Into Darkness” — were filmed primarily in California.
Los Angeles however won’t be getting the sequel as LA proved too expensive for Darkness’ budget.
If California loses the film industry and pushes out non-Green energy companies, it’s going to be left with the tech industry and a giant welfare state that the tech industry will flee.
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