Industry: Information
Jan. 16, 2017
"High Times, the magazine that for decades has chronicled the culture and business of marijuana, is moving its operations from New York to Los Angeles, according to reports. The passage of Proposition 64 in November, which legalized the recreational consumption of marijuana in California, would appear to be a factor in the move."
Oct. 20, 2016
The largest actors union in Hollywood officially called a strike early Friday morning against several prominent video game companies after the two sides failed to reach an agreement on an increase in compensation for performers who do voice-over and motion-capture work for popular games.
Oct. 11, 2016
The L.A. City Council voted unanimously to approve Paramount’s master plan, paving the way for the studio to add about 1.4 million square feet of space to its iconic headquarters on Melrose Avenue. The expansion was first announced in 2011 and is expected to cost the studio $700 million.
Sept. 14, 2016
The studies, published by The American Review of Public Administration and American Politics Research, examine why states adopted or terminated film tax incentive programs and measures the effects of film tax credits in 40 states on employment and wages from 1998 to 2013. The authors found that sales tax waivers had no measurable effects; transferable tax credits had a small, sustained effect on employment but no effect on wages; and the most generous form of tax credit, refundable credits, had no employment effect and a temporary wage effect. Spending more on incentives had no lasting impact.
June 15, 2016
California has benefited more than any other state from the software explosion, the Software Alliance report said. The industry and its attendant fields contributed more than a quarter of total business research and development investment in California, the group estimated.
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