US Production Share Drops

Hollywood Report Reveals Massive 25-Year Decline In US Film And TV Production

A report by a coalition of Hollywood unions, including IATSE, the Directors Guild of America and SAG-AFTRA, reveals a significant decline in US film and TV production over the past 25 years. Studios used to spend 74% of their film production budgets in the US 25 years ago, and now spend 42% of it, according to the report. Meanwhile, TV spending has dropped by about a third, from 94% to 64%. The report suggests that while productions have grown significantly, the US shares a smaller stake of it. It also highlights that production budgets are heavily concentrated within a small subset of films. The report warns that if the movie business in the past decade remained unchanged, an additional $4 billion would have been spent every year on TV and films in the country.

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