ENTERTAINMENT PAYROLLS, JOBS SEE BRIGHT LIGHTS : STUDY INDICATES `HOLLYWOOD RENAISSANCE' GAINING MOMENTUM.Byline: Dave McNary McNary may refer to:
Quarterly payrolls for entertainment jobs in Hollywood Hollywood. 1 Community within the city of Los Angeles, S Calif., on the slopes of the Santa Monica Mts.; inc. 1903, consolidated with Los Angeles 1910. posted an impressive 72 percent increase from 1992 to 1996 while the number of jobs increased 7 percent, a study has shown. Payrolls for Hollywood-area entertainment companies increased to $279 million; the number of jobs rose to 17,080. The gains, disclosed in a report by the Valley Economic Development Center, reflected strong salary growth across the board for movie production, post-production, distribution and radio and television broadcasting. For example, the number of jobs in motion picture and video production fell to 6,410 from 8,039 but the payroll for that sector soared nearly 50 percent to $142 million. Services allied to movie production saw employment grow 29 percent to 3,041 jobs while payroll rose 38 percent to $45.1 million. Radio and broadcasting jobs nearly quadrupled to 3,973 and payroll jumped from $12.2 million to $62.6 million. Despite the departure of dozens of major companies to West Los Angeles
Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. since 1992, the report showed an overall gain for the Hollywood area of 30 companies to 596. The report, conducted for the Hollywood Economic Alliance Project, indicates Hollywood is benefiting from efforts by city officials and businesses to cut crime and spur retail development, along with the boom in entertainment production in recent years. Production in the county was up 29 percent last year due to streamlined permitting and rising demand for entertainment programs. Among the more hopeful signs in Hollywood recently are plans for a $145 million development around the Mann Theater, refurbishing of the Egyptian Theater, decisions by Panavision  Panavision is a motion picture equipment company specializing in cameras and lenses, based in Woodland Hills, California. and Capital Records to expand rather than leave their Hollywood offices and a move by 41 Hollywood Boulevard For uses other than the original street, see Hollywood Boulevard (disambiguation). Hollywood Boulevard is a boulevard in Hollywood, Los Angeles, California, United States, beginning at Sunset Boulevard in the east and running northwest to Vermont Avenue, where it straightens out property owners to assess themselves $3 million over the next five years for cleaning, security and other improvements. ``The Hollywood Renaissance is gaining momentum, and the stage is set for even greater achievements,'' said Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. , whose office commissioned the study, in a prepared statement. ``The studios and the community are doing a magnificent job working together to strengthen the economic muscle of Hollywood.'' |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion