The data on how Hollywood has cut back in the past few years been stark. Between the first quarters of 2022 and 2024 — during which time the industry sustained two crippling strikes and the bursting of the streaming bubble — employment in California’s film, television and sound sector dropped nearly 30 percent, according to Otis College of Art and Design research. This year, production levels are still lagging behind their pre-strike highs: On-location filming in the L.A. area during the third quarter of 2024 dropped more than 36 percent compared to the five-year average of that same period, while a ProdPro report found that production volume across the U.S. dropped 35 percent in the third quarter of 2024 compared with the same period in 2022 (before the strikes).