Can D.C. Save Hollywood? Senator Adam Schiff on Bringing Production Home.

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 1.1K Ratings

🗓️ 27 March 2026

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by United States Senator Adam Schiff (D-California) to discuss his recent hearing with entertainment industry and labor leaders on the challenges facing the film industry and the importance of instituting a federal tax incentive to bring film and TV production back to California. They talk about how the production slowdown has hurt the city of Los Angeles, why California is not as aggressive in offering tax incentives as other states and countries, and what the federal tax credit would entail. They discuss where Schiff stands on the Warner Bros.–Paramount merger, the Los Angeles mayoral race, and more (00:00). Matt finishes the show with a prediction about the venue of the Academy Awards moving from Hollywood to downtown L.A. in 2029 (29:31). Host: Matt Belloni Guest: Adam Schiff Producers: Craig Horlbeck and Jon Jones Theme Song: Devon Renaldo The Clyburn family searches for connection in Montana's Madison Valley. The Madison, New Series now streaming - only on Paramount+ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode of The Town is brought to you by The Madison, the new original series on Paramount Plus.
0:10.2	Its Academy Award nominee Taylor Sheridan's most intimate story yet, a New York City family is uprooted to Montana after an unexpected tragedy.
0:18.6	In the quiet majesty of the Madison Valley,
0:22.3	they confront love and loss,
0:25.7	discovering resilience and the transformative power of family,
0:27.3	and the land that grounds them.
0:29.2	Led by a powerhouse cast,
0:31.2	Academy Award nominee Michelle Pfeiffer and Golden Globe nominee Kurt Russell.
0:33.5	Don't miss the Madison,
0:34.9	the highly anticipated new series streaming now,
0:38.7	only on Paramount Plus.
0:42.2	It is Thursday, March 26th.
0:47.2	We talk a lot on this show about the flight of film and TV production from Los Angeles.
0:51.6	I was just on the Paramount lot in the soundstage area felt pretty darn empty.
0:53.9	And I hear that a lot from industry veterans.
0:56.0	Hollywood doesn't feel like Hollywood anymore.
0:59.6	New data reveals that between 2022 and 2024,
1:04.4	LA County's motion picture industry lost more than 42,000 jobs. And that's not including the halo effect,
1:06.9	from support staffs to restaurants and florists and hairstylists, etc.
1:11.8	We know the reasons, the content recession, consolidation, maybe the most important,
1:16.6	the aggressive tax incentives offered by other states and particularly overseas.
1:22.0	In 2022, a third of American film inscripted series were shot internationally.
	...

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