Amid Hollywood's challenges, a studio owner bets big on L.A.'s production comeback with a $500M expansion plan.
beat sheet
Comcast is pouring $1.2 billion into expanding its studio facilities in Los Angeles, signaling their confidence in the city's entertainment industry rebound.
Industry insiders say this investment could attract more high-profile TV and film productions to LA, bucking the recent trend of productions leaving for cheaper locations.
Amid Hollywood's challenges, a studio owner bets big on L.A.'s production comeback with a $500M expansion plan.
beat sheet
Comcast is pouring $1.2 billion into expanding its studio facilities in Los Angeles, signaling their confidence in the city's entertainment industry rebound.
Industry insiders say this investment could attract more high-profile TV and film productions to LA, bucking the recent trend of productions leaving for cheaper locations.