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Hollywood Machine Generated $47 Billion for LA County in 2011

Photo of Beth Hanna By Beth Hanna | Thompson on Hollywood November 16, 2012 at 1:13PM

A report issued Friday by the Los Angeles Economic Development Corp. finds that Hollywood was able to generate $47 billion in economic output in L.A. county in 2011, accounting for 8.4% of the area's total output.
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A report issued Friday by the Los Angeles Economic Development Corp. finds that Hollywood was able to generate $47 billion in economic output in L.A. county in 2011, accounting for 8.4% of the area's total output.

While the job tally is 8,000-shy of what it was in 2008, 2011's 122,000 industry jobs shows a significant recovery from recession-roiled 2009, when the number was hurting at just over 117,000.

And Hollywood pays well, too. The motion picture sector's 117,000 workers averaged an annual pay rate of $96,300, while the 17,000+ employees made up of agents, managers and independent artists averaged an enviable $261,200. The 18,000 radio- and TV-sector workers averaged an annual pay rate of $127,000, with the 440 workers in sound production averaging salaries of $103,000.

Meanwhile, the film industry has a "ripple effect" on jobs, being directly or indirectly responsible for an additional 586,000 L.A. jobs in catering, flowers, etc.

This article is related to: News, News, Hollywood


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Thompson on Hollywood

Born and raised in Manhattan, Anne Thompson grew up going to the Thalia and The New Yorker and wound up at grad Cinema Studies at NYU. She worked at United Artists and Film Comment before heading west as that magazine's west coast editor. She wrote for the LA Weekly, Sight and Sound, Empire, The New York Times and Entertainment Weekly before serving as West Coast Editor of Premiere. She wrote for The Washington Post, The London Observer, Wired, More, and Vanity Fair, and did staff stints at The Hollywood Reporter and Variety. She eventually took her blog Thompson on Hollywood to Indiewire. She taught film criticism at USC Critical Studies, and continues to host the fall semester of “Sneak Previews” for UCLA Extension.