Television City Studio Owner Bets $1 Billion on L.A. Production Comeback

The entertainment industry in L.A. has endured a tough couple of years, with the strikes, layoffs and the production slowdown leading to headlines like “Hollywood Is Ditching Hollywood.”

Despite the gloom, studio facilities are pushing ahead with expansion plans. Construction is underway on a $500 million build at Warner Bros. Ranch, and Comcast is pouring $1 billion into Universal City.

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