Summary
Phil Mangano, a film and television editor in Los Angeles, faces job insecurity following the 2023 Hollywood strikes, which led to a loss of about 40,000 industry jobs and a 58% drop in TV production since 2021. California Governor Gavin Newsom’s proposal to increase film and TV tax credits from $330 million to $750 million aims to revive the struggling industry, but experts question if it’s sufficient to compete with other states and countries offering better incentives. Mangano and many others are now seeking alternative employment as they face financial uncertainty.
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