New York City Sees $60 Billion in TV and Film Production Over the Last Decade
Mayor Michael Bloomberg announced on Tuesday that the film and television industry has spent $60 billion on production in the five boroughs over the past decade, according to analysis conducted by the Boston Consulting Group. That included $7.1 billion in direct spending in 2011, marking an increase in $2 billion annually since 2002. There are 130,000 people employed by the TV and film industries in the city.
“This report confirms what I’ve been seeing on sets and soundstages around the city – the film and television industry in New York City has never been bigger,” Bloomberg said in a statement. “In fact, our entire media landscape – from digital media to advertising – has shown strong growth throughout the economic downturn. The strength of these industries is a key reason we’ve weathered the recession better than the rest of the country – and it is confirmation that our strategy to diversify our economy is working.”