Story perspectives

Hollywood Lobbies Federal Tax Credit Amid Post-Peak TV Job Losses

6/17/2026

Summary

Story summary

Hollywood executives and unions are lobbying for a federal production tax incentive to offset job losses and overseas filming.
Variety's Gene Maddaus says the post-peak TV slump, driven by business-model changes, interest rates and profitability focus, has sharply cut production jobs.
Advocates say without a federal incentive, higher shooting costs make U.S. locations uncompetitive, turning the issue into a flashpoint in Los Angeles mayoral and California gubernatorial races.

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Story summary

Hollywood executives and unions are lobbying for a federal production tax incentive to offset job losses and overseas filming.
Variety's Gene Maddaus says the post-peak TV slump, driven by business-model changes, interest rates and profitability focus, has sharply cut production jobs.
Advocates say without a federal incentive, higher shooting costs make U.S. locations uncompetitive, turning the issue into a flashpoint in Los Angeles mayoral and California gubernatorial races.