A new report suggests that Hollywood studios now spend only 42 percent of production budgets in the United States – down from 74 percent 25 years ago.
\n\nThe report from a coalition of Hollywood unions, including IATSE, the DGA, and SAG-AFTRA, says that Hollywood has dramatically decreased its spending in the United States in the past 25 years. For film production budgets, the spending has dropped from 74 percent to 42 percent; for television, the spending in the U.S. has dropped from 94 percent to 64 percent.
\n\n“The study looked into movies and TV episodes that take a significant amount of funds to make, such as films with budgets of $5 million or more, in 2025 dollars, and TV episodes costing at least $1 million, for about 40 minutes or shorter, and at least $1.7 million for episodes longer than 40 minutes,” reported the New York Post.
\n\n“In the past 25 years, the amount major studios spent on production rose from $3 billion to $7 billion. TV spending increased even more during that time, from $933 million to $8.4 billion,” it added.
\n\nThe report did, however, note that the rise of streaming led to increased spending. It also did not…
Original source: https://www.breitbart.com/entertainment/
