LOS ANGELES, Dec. 8 (UPI) -- A key economic report Wednesday suggested employment in Hollywood should hold steady for the foreseeable future.
Senior Economist Christopher Thornberg concluded in the latest UCLA Anderson Forecast the falling value of the U.S. dollar is helping to offset incentives that producers otherwise have, to make movies and TV shows outside the United States.
"Like a lot of other industries, show business production will continue to go to cheaper offshore locations," he said, "although the weak dollar may provide more incentive to stay home."
Thornberg said the number of Southern California entertainment-related jobs -- including movies and TV production, performing arts and sports -- will likely remain at 250,000 for now.
