British film studios to rescue Hollywood after movie industry shattered by LA wildfires Britain is set to rescue Hollywood as Los Angeles faces enormous challenges amid the recovery from the region's devastating wildfires.
Leading Hollywood figures - who have nicknamed the capital ‘Brollywood’ due to the UK inclement weather - are looking to London and the UK's film production hubs to help relieve the burden of the recovery, taking on many future multi-million dollar productions.
Key factors that will disrupt LA's entertainment economy include a massive exit of tradespeople taking jobs in the planned rebuild programmes, likely spiralling labour and insurance costs, homeless on- and off-screen talent, and worldwide concern about investing in the "fire-threatened" area.
Experts and studio executives have already begun planning for a raft of devastating issues impacting the world's movie capital in the wake of the region's worst natural disaster in history.
In the short term, famous studios used to filming across the City of Angels are planning to redirect billions of dollars across the Atlantic.