- Los Angeles is a key filming location, and Gavin Newsom celebrated the success of the state's film tax credit program.
- Declining shoot days signal market contraction, though tax credits continue to support production volume in the region.
- Incentives are needed to revitalize the film industry in Los Angeles and Hollywood.
Dark Horse Stages Property Listed for Sale Amid Film Incentive Uncertainty
1 report, 1 independent
Updated Sep 24
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What happened
Dark Horse Stages is listed for sale by commercial real estate firm Lee & Associates. The property, located in Wilmington, consists of 128,215 square feet of warehouse, flex, and office space on 11.51 acres. The sale is occurring amid uncertainty surrounding state film incentive policies.
From portcitydaily.com
Why it matters
The sale of the property, which received a $20 million investment in 2023, highlights instability within the film production sector. The property was originally purchased by Kirk Englebright and Rodney Long in 2019 for $4.8 million.
Incentives are needed to revitalize the film industry in Los Angeles and Hollywood, though declining shoot days signal market contraction.
From portcitydaily.com
Keep exploring
Part of
Incentives are needed to revitalize the film industry in Los Angeles and Hollywood.Also in this story
- Amidst a competition between states for corporate headquarters, Ellison commits to building a stronger presence for Hollywood in Los Angeles.
- Studios in Burbank are adapting to global competition by booking more online creators.
- Hollywood reconsiders its marketing strategy and cuts costs.
- The film industry is facing challenges due to high production costs, leading to shifts in how major cities like Los Angeles and New York are utilized.