Source: New York Post
The US film and television production market has lost some serious ground, according to an alarming new report examining the industry over the past 25 years. Studios used to spend 74% of their film production budgets in the US 25 years ago, and they now spend 42% of it, according to the report from a coalition of Hollywood unions, including IATSE, the Directors Guild of America and SAG-AFTRA. TV number have fallen by about a third, from 94% to 64%.
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