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SoCal Soundstage Owners Fear They Won’t Survive Till 2025: ‘We Have Maybe Four or Five Months Stored and Then That’s It’
From a need for bigger tax credits to easing on bureaucratic red tape, soundstage owners in Los Angeles need multiple solutions to survive.
Relationships with long-term clients have kept the studio afloat, but with high overhead and a quarter million-dollar investment over the last two years upgrading the HVAC and power, Fat Eye won’t be able to hold on much longer. “We’ve got over 8 million square feet of new soundstage production and supportive creative office in the pipeline moving through various stages of entitlement,” says Rachel Freeman, deputy mayor for business and economic development. FilmLA called for a “vast expansion” of the California tax credit which, according to Evan Thomason of the Santa Clarita Film Office, saved things back in 2009 when the economy was in a similar situation.
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