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Union Study Shows U.S. Share of Film and TV Budgets is Shrinking

1 report, 1 independent Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Seven unions, including the DGA and SAG-AFTRA, released a study detailing spending trends in scripted, live-action work by major studios from 1999 to 2024. The report found that while qualifying film spending rose from about $3 billion to $7 billion annually, the U.S. share of film budgets fell from 74% to 42% according to the study. The U.S. share of television budgets also dropped from 94% to 64% during the same period.

From eurweb.com

Why it matters

Some supportBrind's analysis of the reports

The report indicates that despite overall industry spending increasing, production is shifting outside the United States. EY estimates that if U.S. production shares had remained steady, annual U.S. production budgets could be $2 billion higher. This trend occurs as California has been raising tax credits to encourage domestic production.

From eurweb.com

Who's involved

  • DGAIndustry union that released the spending trends study.
  • SAG-AFTRAAmerican labor union that released the spending trends study.
  • stateState that is raising tax credits to boost production.
  • HollywoodThe industry whose spending trends were analyzed in the study.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • HollywoodSpeculative

    Hollywood might see increased economic viability and production spending due to state tax incentives.

Possible ripples

Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.

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The entities involved

Coverage

Newest first; wire copies grouped