The New York Times pointed out Saturday that while Democrats once jeered tax breaks for Hollywood from Gov. Arnold Schwarzenegger (R) as “corporate welfare,” they now plead for those tax breaks, in much larger amounts, with Gov. Gavin Newsom (D) obliging.
The Washington Post noted Saturday just how dire the “existential crisis” of economic annihilation is in Hollywood today:
Over the past decade, total film and TV production in Los Angeles has plummeted by nearly 40 percent, according to data from the region’s official film office. Both big-name blockbusters and experimental indies have fled to other states and countries, looking for cheaper…
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