The US Economy Needs Silicon Valley, Wall Street and Hollywood

Even more so than usual, Hollywood’s future is uncertain. For decades the Los Angeles economy revolved around the film industry, but now more movies and shows are filmed elsewhere, driven or lured away by high expenses or tax incentives. The prospect of Paramount leaving California over the state’s antitrust lawsuit may not be serious, but the very idea that it can be entertained shows how much the economics of the industry have changed.