Everyone from bankers to cleaners are losing their jobs but Hollywood thought it might be time to expand a little
Variety reports that the Los Angeles Economic Development Corp (LAEDC) is predicting that 1,000 new jobs will be created in Hollywood this year, and, for the hell of it, 2,000 more should arrive in 2010.
Thanks to the installation of 3-D equipment in cinemas, growth in domestic and foreign box office, as well as expansion in cable TV production, a little extra coin is floating around them hills—so if you're jobless and can afford a plane trip, bus ride or bicycle, perhaps it's time to head West?
LAEDC chief economist Jack Kyser even upgraded the entertainment industry's prosperity from a C- in 2008 to a B this year. And with new Californian tax incentives for film currently under review, Hollywood may just continue the likely expansion.
The film industry has often seen itself as recession-proof but Newsweek did point out that videogames happen to be the real onscreen love affair of late. They also note that lipstick, ice cream and liquor are repeatedly super-safe industries when the economy suffers.
No doubt Hollywood scribes are combining these very subjects (again) as we speak
