Georgia Film Industry Spending Falls Nearly 50% From Peak Levels
The Georgia film and television industry is currently facing a sharp decline, with production spending dropping nearly in half from its record highs. After reaching a peak of $4.4 billion in 2022, spending fell to just $2.3 billion in the last fiscal year. This downturn, caused by the 2023 labor strikes, growing global competition, and a shift in studio spending, has left many local workers unemployed and raised serious questions about Atlanta’s future as a major media hub.
A Steep Fall from the Top
For over a decade, Georgia was known as the “Hollywood of the South.” Its generous tax credits and large soundstages attracted the world’s biggest movies, including many from the Marvel Cinematic Universe. However, recent data from the Georgia Film Office shows a dramatic cooling of this “gold rush.” In 2022, the state hosted 412 projects; by 2025, that number tumbled to just 245.
The impact is visible across the city. Film permits in Atlanta, which usually average around 1,000 per year, dropped by roughly 50% over the last 12 months. Large studios that once buzzed with activity are now significantly quieter.
“We knew that it would be like a reset to the industry,” said Lee Thomas, the deputy commissioner of the Georgia Film Office. “But it certainly was a bigger, harder fall than we anticipated—and longer.”
The “Perfect Storm” of Challenges
Several factors combined to create this sudden slowdown. The dual writers and actors’ strikes in 2023 halted almost all work for months. While many hoped the industry would bounce back immediately after the strikes ended, the recovery has been slow.
One major reason is the “flight to cost-efficiency.” Studios like Marvel and Disney have shifted some of their biggest productions to the United Kingdom, where labor costs are lower and incentives remain strong. For example, Marvel’s last major project in Georgia was Thunderbolts in 2025; since then, much of its massive production work has moved overseas.
Additionally, other U.S. states like California, Texas, and New York have updated their own tax programs to compete more aggressively with Georgia. Streaming services like Netflix are also producing fewer shows overall as they focus more on profit than on growing their libraries as fast as possible.
Real Stories from the Set
For the thousands of Georgians who work behind the scenes—camera operators, makeup artists, and prop masters—the statistics represent a personal crisis. Chris Ratledge, a digital imaging technician in Atlanta, shared that he had only worked four days on set since May 2024.
“When the strikes ended, everybody just thought things would go back to normal,” says Terrance Shelton, an assistant prop master who has worked in Atlanta for 15 years. “But work basically evaporated.”
Many crew members who moved their families to Georgia for the film boom are now taking part-time jobs in retail or seeking government food assistance to make ends meet. The uncertainty has turned a dream career into a daily struggle for survival.
Is Recovery on the Horizon?
Despite the bleak numbers, some industry leaders remain hopeful. They argue that this is a “painful reset” rather than a permanent end. Georgia still has one of the largest networks of soundstages in the world and a highly skilled workforce that cannot be easily replaced.
“Storytelling is a great American export, and we have every reason to believe that we’re going to continue to be a leader in this export,” said Frank Patterson, President of Trilith Studios. He believes the industry might settle at a “new normal”—perhaps not as high as the 2022 peak, but still much higher than most other states.
To help the industry, Georgia is tweaking its policies. Starting January 1, 2026, a tax credit for post-production companies (the people who edit and finish the films) will go back into effect. The state is also investing in workforce training to ensure that when productions do return, Georgia has the best talent ready to work.
Looking Toward the Future
The next few years will be a test of Georgia’s resilience. While the era of “limitless growth” may be over, the state is focusing on quality and innovation. Some experts suggest that the future might not just be big Hollywood movies, but also independent films, gaming, and online content creation.
“Atlanta has for years served as the country’s antidote to blockbusters moving overseas,” noted Mike Mosallam, an executive at Shadowbox Studios. The hope is that by being flexible and offering more than just tax breaks, Georgia can remain a central player in the global entertainment world.
