Well, in case you haven't heard China wants our movie industry too, and really why wouldn't they, it's huge, and consider this, our movie industry for the most part is union labor, and that makes it extremely costly to make a movie. So much so, that the industry itself is considering more partnerships with Chinese firms. This also makes sense because China is a huge market for movies made in the United States.
Not only are there a lot of moviegoers, but there's a lot of people in China who speak English, some 450 million folks speak simple English in China now. That's a huge audience, in a gigantic market. Think of all the DVDs they can sell as well? Of course, you are probably thinking that China generally just copies those DVDs, and sells them anyway. Right now that's true, but if China has control of making their own movies, they will also seize control of the pirates and intellectual property theft.
Of course, Hollywood needs to deal with its cost structure, or it will not be able to keep that industry in California. California is just too expensive a place to do business anymore.
There was an interesting article in the Atlanta Business Journal titled; "Lights, Camera, Action! 280-acre film complex planned for Atlanta, will create up to 1,500 jobs," by Uraksh Karkaria, which was published on February 6, 2013. It noted that a company of Atlantic area investors; "plans to build what they claim would be the largest film production complex in metro Atlanta. The investment group said it is in discussions with London-based Pinewood Studios Group to manage and operate the studio complex."
So, did Hollywood California filmmaking industrial complex price itself out of the market? I dare to ask this question because of all the tea leaves I've been reading, and the changes in the industry. Face it, even if California reduces taxes on Hollywood filmmakers, there are just too many rules and regulations keeping the costs up, and the unions are increasing the cost of making movies by tens of millions of dollars, even for the "B-movies" and it doesn't take a rocket science, nor someone with their CPA license to see the obvious.
Are we going to lose another industry to China, and is Hollywood California going to lose its filmmaking industrial complex to folks in other parts of the country, or around the world? Yes, I dare to ask because everyone in Hollywood seems to think they can continue with business as usual and hold onto that gravy train for years and even decades to come. For those who think that, I highly disagree and I hope you will please consider all this and think on it.
Lance Winslow has launched a new provocative series of eBooks on Innovation in America. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
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