The global film and TV production industry experienced a notable 20 percent decline in output during the second quarter of this year compared to 2022. Domestically, however, film and TV shoots saw a 30 percent uptick from the same period last year, though this rise is influenced by the previous year’s production halt caused by the Hollywood writers’ strike, which lasted from May to September 2023. Many productions have moved to other states or countries that offer more generous tax incentives, reducing the number of projects being filmed in traditional film hubs such as Los Angeles.
Feature films have faced significant challenges, even as TV series production worldwide rose by 20 percent compared to the second quarter of 2023. In contrast, the number of movie shoots decreased by 18 percent this year. According to the ProdPro study, the tepid recovery in production, particularly for feature films, is partially due to concerns over a potential crew member strike in 2024.
Earlier this year, industry experts speculated that studios were cautious about green-lighting projects due to fears of another work stoppage. However, the likelihood of a crew member strike has diminished after the industry’s largest below-the-line union reached a contract agreement with studios and streaming services. Meanwhile, the Hollywood Basic Crafts coalition, representing various other below-the-line workers, is still negotiating with companies.
Current crew member agreements are set to expire on.
