The film and television industry in Los Angeles is facing a downturn as soundstage occupancy has dropped to a record low of 63% in 2024. Reports indicate that this decline reflects a broader trend of reduced filming activity in the region, with occupancy levels falling significantly over the past two years. The situation has prompted concerns from industry stakeholders, including FilmLA, who have called for new incentives to stimulate production. The decline in occupancy is compounded by a decrease in shoot days, further exacerbating the challenges faced by the local production community. Additionally, the introduction of a 'mansion tax' has reportedly led to a 50% drop in commercial sales, which may also be impacting the film industry's infrastructure and investment potential.