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L.A. studio lot values are reportedly cratering
The Hollywood Reporter says investors poured billions into soundstages before spending on film and TV shoots pulled back.
TLDR
The Hollywood Reporter reports that L.A. studio lot values are cratering after investors poured billions into soundstages, betting on film and TV shoots. With spending pulling back, it says Hollywood will need a different mix of tenants, including social media creators and microdramas. The question is whether they can support the billions already invested.
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