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Entertainment Industry

ENTERTAINMENT
February 6, 2014 | By Ryan Faughnder
The entertainment industry in Los Angeles County has lost more than 9,000 jobs since 2007.  The data comes from a report by Los Angeles County Economic Development Corp. that measures the scope of California's entire "creative economy," which includes industries such as architecture, digital media and fashion along with entertainment. Creative industries contributed $273 billion to the California economy, accounting for nearly 8% of the gross state product in 2012.  ON LOCATION: Where the cameras roll In Los Angeles County, entertainment alone accounted for 132,900 jobs in 2012, down nearly 6.6% over the previous five years.  Within the industry, movie and video production -- which accounts for the bulk of entertainment employment -- posted the biggest decline, down by 7,800 jobs, or 7.2%, since 2007.
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BUSINESS
January 15, 2014 | By Roger Vincent
The 1950s television home of George Burns and Gracie Allen is getting a long-overdue upgrade as part of a $390-million development featuring a sleek new 20-story luxury apartment tower in the heart of Hollywood. The revival of the legendary headquarters of CBS on the corner of Sunset Boulevard and Gower Street will provide a vintage backdrop for the new Columbia Square tower with upscale features aimed at attracting entertainment industry workers. With interior touches by designer Kelly Wearstler, known for her modern interpretations of classic Hollywood glamour, the tower is the second new luxury Hollywood apartment building to bank on a big-name designer to add pizazz.
ENTERTAINMENT
December 3, 2013 | By Richard Verrier
The Sumner M. Redstone Charitable Foundation has made a $20 million gift to the Motion Picture & Television Fund, the nonprofit group that provides healthcare and social services to active and retired entertainment industry workers. The donation from Redstone, who is executive chairman of the board of CBS Corp. and Viacom Inc., brings to about $300 million the amount the fund has raised since February 2012. The fund's goal is to raise $350 million. "For me, it is a privilege to help provide essential services for those who truly drive this industry, so they can continue to focus on bringing entertainment magic to so many around the world," Redstone said.
ENTERTAINMENT
November 26, 2013 | By Richard Verrier and Kate Linthicum
President Barack Obama put the klieg light on Hollywood Tuesday, crediting the motion picture and television industry for being an engine of growth and a bright spot in a recovering economy. "Entertainment is one of the bright spots of our economy," Obama told a crowd of nearly 2,000 people gathered at the Glendale campus of DreamWorks Animation SKG. "The gap between what we can do and other countries can do is enormous. That's worth cheering about. " Obama was hosted by DreamWorks Animation Chief Executive Jeffrey Katzenberg, who is one of Obama's biggest contributors and fundraisers.
NEWS
November 14, 2013 | By Richard Verrier
The Motion Picture Assn. of America has hired Washington attorney Steven Fabrizio as its senior executive vice president and global general counsel. Fabrizio is considered one of the nation's leading copyright and content protection lawyers and has long ties to the MPAA and its member companies, having served for many years as lead outside counsel.  He succeeds Henry Hoberman, who resigned in September, overseeing all legal, content protection and rights management programs within the MPAA.
TRAVEL
October 26, 2013
Home Hotel Buenos Aires is the first boutique hotel in the Palermo Hollywood neighborhood of Buenos Aires and still its epicenter. We have stayed here for seven years in a row. It's small and intimate, with five-star service from a friendly staff. Have lunch in the English garden and watch the parade of fascinating people - both tourists and locals from the entertainment industry. Home Hotel Buenos Aires, 5860 Honduras, Palermo Hollywood, Buenos Aires; (011) 54-11-4778-1008, http://www.homebuenosaires.com . Rooms from $150.
BUSINESS
September 27, 2013 | By Richard Verrier
Veteran Hollywood executive Tom Sherak has a new role: Los Angeles film czar. Los Angeles Mayor Eric Garcetti on Thursday appointed Sherak to be his senior film advisor and help stem the flow of production that has taken a toll on the city's signature film and television business. Sherak, the former president of the Academy of Motion Picture Arts and Sciences, will lead Garcetti's efforts to make L.A. more film friendly and persuade state lawmakers to do more to support the state's entertainment industry, the mayor said in a statement.
BUSINESS
September 18, 2013 | By Richard Verrier
Even before he took office, Los Angeles Mayor Eric Garcetti vowed to name a film czar to serve as an industry advocate in City Hall and to help stop runaway production. But nearly three months later, Garcetti is still searching for someone to fill the position, underscoring the challenges of finding the right person for what some might consider the impossible job of persuading Sacramento to do more to help Hollywood. "It's been a struggle for everyone who wants this to happen and wants this to move forward, but it doesn't surprise me," said Ed Duffy, business agent and vice president for Teamsters Local 399, which represents location managers, casting directors and studio drivers.
NEWS
August 27, 2013 | By Rosemary McClure
Funny business will rock Baja, Mexico, this fall when the first Cabo Comedy Festival kicks off Oct. 2.  The five-day event , which will be held at area nightclubs, will feature stand-up headliners and include a best-newcomer competition made up of opening act-level performers.   The event is being produced by Los Angeles-based Zaring Group , and is being supported by the Mexico Tourism Board and the state of Baja. "The Cabo Comedy Festival will shine the spotlight of the entertainment industry on Los Cabos and Baja California Sur," said Ruben Reachi, Baja secretary of tourism, "It will bring fans from around the world.
OPINION
August 20, 2013
Re “ Film tax credits rip off states ,” Column, Aug. 4 Michael Hiltzik raised some good points but left out many important facts about the success of California's Film and Television Incentive Program. He raised questions on how we incentivize film production to stay here in California. As the author of AB 3, legislation seeking to extend the incentive program next year, stakeholders and I have been working for months to see how we can make improvements. Hiltzik cited a letter by the Legislative Analyst's Office to show that film tax credits aren't a good deal for Californians.
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