Russo Brothers warn LA film production decline continues

The Russo Brothers, known for directing Marvel films, expressed concern about the decline of film production in Los Angeles. They highlighted the need for stronger tax incentives to keep large projects from moving to other countries. Currently, many productions are opting for locations like the U.K. or Australia due to significant cost savings. The brothers emphasized that without competitive rebates, the film industry in Los Angeles may continue to diminish. California's legislature is set to vote on a budget proposal that could increase the state’s tax credit for film production to $750 million. This proposal, introduced by Governor Gavin Newsom, faces challenges due to other funding needs.