The Lead Updated 08:32 AM PST

Studios Brace for
Another Quarter of
Contraction

After a year of strikes and soft box office returns, major LA lots are quietly preparing for a 15% reduction in greenlit projects.

By the numbers

-15%

Greenlights YoY

3.2M

Sq Ft Studio Space Vacant

$4.1B

Q3 Ad Spend Drop

11%

Agency Layoffs



The Daily Brief

  • Port of LA reports 12% increase in inbound cargo volumes ahead of holiday season.
  • Metro rail expansion budget revised up by $1.2B amid supply chain delays.
  • City Council proposes new fast-food wage compliance audit framework.
LA Market Indices: DIS ▼ 1.2% NFLX ▲ 2.4% WBD ▼ 0.8% PARA ▼ 3.1% CMCSA ▲ 0.5% SONY ▲ 1.1% ROKU ▼ 4.2% LA Market Indices: DIS ▼ 1.2% NFLX ▲ 2.4% WBD ▼ 0.8% PARA ▼ 3.1%

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