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Hollywood Insiders Say 'Depression-Era Level' Production Crisis Makes State Incentives Urgent | Exclusive Video

Producers, labor leaders and lawmakers go inside the process of overhauling California's entertainment tax incentive.
The article from TheWrap discusses the severe challenges faced by the film and television industry in California due to the ongoing writers' and actors' strikes. Industry leaders, including studio executives and union representatives, gathered in a roundtable to address the crisis. Key issues highlighted include the economic impact on the state, with production halting and thousands of jobs affected. The strikes, led by the Writers Guild of America (WGA) and SAG-AFTRA, are centered around demands for better compensation, residuals from streaming services, and protections against the use of artificial intelligence in content creation. The roundtable emphasized the need for negotiations to resume to find a resolution that would allow production to restart, while also addressing the long-term sustainability of the industry in California amidst competition from other states and countries offering attractive incentives.

Read the Full TheWrap Article at:
[ https://www.thewrap.com/california-film-production-crisis-roundtable/ ]