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Additionally, California's new mansion tax—an additional fee imposed on luxury home sales—has made it even more enticing for individuals to leave the high-cost state for places where they can live more comfortably without such financial burdens.
The Transformation of the Film Landscape
As production companies adjust their strategies in light of economic pressures, the landscape of the film industry is evolving. There is a visible pivot with states outside California investing heavily in the construction of soundstages and support infrastructure, broadening the competition for L.A.'s longstanding monopoly on film production.