> The little dinosaurs are ignoring the great big elephants in the room: gaming

Partially, but a massive issue has been the offshoring of Hollywood [0].

UK, Canada, EU states like Ireland and Poland, and others match dollar-for-dollar in subsidizes to incentivize local production, and factoring in lower salaries are able to outcompete even Georgia.

After COVID and the WGA/SAG-AFTRA strike, production completely left Hollywood.

Film production is high risk and expensive, so margins really matter, so the double whammy of the COVID shutdowns and then fhe WGA/SAG-AFTRA strike became existential.

California has been trying to reincentivize onshoring [1], but it's too little too late. Hollywood even lobbied the Trump admin [2] for a 100% tariff on foreign produced films [3] which more diversified media companies pushed back.

[0] - https://milkeninstitute.org/content-hub/research-and-reports...

[1] - https://www.politico.com/news/2025/06/06/gavin-newsom-hollyw...

[2] - https://www.politico.com/news/2025/10/15/hollywood-lobbying-...

[3] - https://www.bbc.com/news/articles/c4g78e809zqo