LA Stage Space Drops, New Facilities Open
Venice Beach News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
FilmLAs latest Sound Stage Production Report reveals a dip in Los Angeles stage occupancy, with rates falling to 63% in 2024. Despite a 5% increase in projects, shoot days decreased by 8%. The decline in scripted television is cited as the main reason, impacting local jobs. However, other sectors like feature films, commercials, and music videos saw growth. Two new facilities opened this year, and seven more are in the pipeline. Despite competition from the UK and New York, Californias $150 million sound stage tax credit program through 2032 keeps LA at the forefront with 8.3 million square feet of stage space.
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