Vancouver film, TV production spending to drop to $3.4 billion in 2022 – The Hollywood Reporter

“Yellow Jacket”

Kylie Schwerman/Showtime

Hollywood production levels, which have soared in and around Vancouver, have been hurt in the last year by local labor lawsuits against North American producers, centered on the Writers Guild of America and SAG-AFTRA strikes, according to Vancouver Film. It said the current industry closure would result in further losses. commission.

Total film and television spending in the Canadian provinces, substantially driven by major Hollywood studios and streamers, hit an all-time high of $3.5 billion in 2021, and will rise to $3.4 billion in 2022. Diminished. Yellowjackets, Superman & Lois and flash As the pandemic subsides.

Across film and television activity last year, local Hollywood production slowed due to the province’s labor movement, which began after the Directors Guild of B.C. issued a formal strike against North American producers represented by the Motion Picture Alliance. The decline was expected. Television Producers and Canadian Media Producers Association.

After a pause on new film and TV production in the state, a new collective bargaining agreement was finally signed to cover local film and TV production.

A decline in overseas location film and television production was offset by an increase in visual effects and animation production in British Columbia, which rose to a record $1.4 billion in 2022 from $1.1 billion in the same period last year.

These activities pushed the province’s total spending on film, television, VFX and animation production to a record $4.9 billion last year, up from $4.6 billion in 2021, according to the Vancouver Film Commission.

But local agencies say the concluded Writers Guild of America strike and the ongoing SAG-AFTRA strike in the province will “significantly reduce production costs in the short term around the world, including in British Columbia.” ” he warned. The double labor action halted most North American film and television production, including projects in Canada.

Hollywood film and television production in British Columbia has expanded in recent years as major U.S. streaming giants join traditional Hollywood studios, shooting original productions locally and tapping into a global television subscriber base. I have been supported.

British Columbia is competing with rival territories such as Ontario, Georgia, New York and California to give Hollywood producers access to tax credits and other incentives when filming on sound stages.