24 Hrs
Source:
New York Post
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Trump Aims to Revive Hollywood
President Donald Trump discussed revitalizing Hollywood with Spencer Pratt, focusing on a proposed 25% federal film tax credit aimed at bringing film and TV production back to Los Angeles. The initiative seeks to counter the industry's decline caused by rising costs, high crime, and competition from other US states and countries offering better incentives. While some Hollywood figures remain opposed, supporters believe such incentives could help restore the industry’s prominence and address job losses in Los Angeles.
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