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L.A. entertainment industry struggles amid mass job losses

L.A.’s entertainment industry faces severe crisis as thousands of jobs vanish and creatives struggle to survive

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L.A.’s entertainment industry faces severe crisis as thousands of jobs vanish and creatives struggle to survive

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In Short:
– Hollywood’s entertainment industry faces a severe job decline, impacting many professionals like Brian Mainolfi.
– Proposed federal measures to revive local production have been insufficient, leaving the industry’s future uncertain.
Hollywood’s entertainment industry faces a significant downturn, with work evaporating and many creative professionals searching for new avenues to survive.

The industry has seen a sharp decline in jobs. According to the Bureau of Labor Statistics, Los Angeles County employment in motion picture production fell from 142,000 to 100,000 in two years due to reduced movie and TV productions.

Fewer projects are moving to Los Angeles because of high costs and a lack of tax incentives compared to other regions.

The impact on local businesses dependent on production workers has been severe, contributing to a broader economic challenge in the area.

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Industry Decline

The absence of steady work has led some professionals to leave the industry entirely.

Many workers, including Thomas Curley, who won an Oscar for “Whiplash,” have struggled with the loss of purpose, and job scarcity remains pervasive.

Federal measures have been proposed, including a possible tax credit to stimulate local production, but efforts have thus far been insufficient.

With the continuing effects of recent strikes and a potential shift away from traditional content consumption, the outlook for Hollywood’s future remains uncertain.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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