Underlining worries over runaway production, Los Angeles Mayor James Hahn and Councilman Eric Garcetti hosted about 50 showbiz execs and union leaders Monday to hammer out possible remedies.
“Runaway production has become a significant problem with widespread repercussions for the industry and our local economy,” Hahn said. “The purpose of this summit is to identify ways to keep and encourage film, TV and commercial production here in the city to ensure that Los Angeles remains the entertainment capital of the world.”
The three-hour confab at KCET-TV’s Hollywood production studio led to pledges to create industry-union task forces with specific goals: to make the production environment friendlier to showbiz; to encourage Spanish-language media — now centered in Miami — to move to Los Angeles; to boost the reputation of Los Angeles as the center of digital production; and to improve workforce training in digital production.
The economic impact of runaway production on Hollywood has been estimated at $10 billion a year, according to a 1999 study funded by the DGA and SAG.