From KCRW in Santa Monica and KCRW.com, I'm Matt Holzman, and this is The Business.

So you still want to do the show business, and you think that you got what it takes.

I mean, you really got a rap and be all at.

But prepare yourself for the brakes, check it out.

This week on The Business, the Los Angeles Times, fights to be the newspaper of record in our company town.

Plus, what are the lessons of the epic battle over the Star Wars fan movie, fan boys?

But first, it's the news from Hollywood and beyond.

Stay close. It's the business from KCRW.

Almost six years after he was elected governor and after six years of getting pummeled by

other states with production tax credits, former Hollywood denizen Arnold Schwarzenegger finally,

finally got California on the bandwagon. There were $100 million in credits per year for five

years as part of the state budget package

passed on February 19th. The city of Los Angeles is also looking into ways to become more

Hollywood friendly, including potentially hiring a film czar and lowering the price of Botox. Elsewhere,

the financial upheaval continues to rattle Hollywood. The LA Times reports that Sony Pictures plans to cut about 300 jobs or 4% of its workforce amid slumping DVD sales.

The move follows a massive layoff of 8,000 full-time and 8,000 part-time workers announced by the studio's corporate parent at the end of last year.

In related news, the studios have cut $20 million from their trade associations budget.

The cutback at the MPAA will force staff and program layoffs,

as well as a reduction of the PG-13 rating to PG-12.

Meanwhile, while we don't normally report on the doings of Hollywood's mid-level executives,

we feel compelled to congratulate Karen Glass on her promotion to Vice President of Development

at Sony Pictures Television.

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