Hollywood Aims to Trim Production Costs Amid Inflation Surge, Supply Chain Pain
Hollywood Aims to Trim Production Costs Amid Inflation Surge, Supply Chain Pain
Studio execs and stage operators say sets are at least 15 percent more expensive to build than they were just last year: “We’re asking, ‘This scene is seven-eighths of a page. Do we need the set, which costs $500,000?’
Last year, most production executives and set construction shops said they were mainly facing delays and hadn’t reached the point where they were unable to procure certain set fixtures. Some now say that impossible-to-meet demand nationwide for the same materials, equipment and parts amid record demand for content is impacting set-building. “If a scene calls for a bathroom, but nothing happens there, we won’t have it to bring costs down,” says a major studio’s top production executive. In California, where the cost of gas now averages $6.34 cents a gallon, this executive notes: “For the first time, we’re asking how to reduce fuel expenditures.”