Posted Jan 23, 2019, 9:16 PM
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Registered User
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Join Date: Jul 2012
Posts: 2,446
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Quote:
Originally Posted by bzcat
That's largely because all the recent FAANG expansions are all driven by their respective media strategies. Instead of buying an existing studio, FAANG are going to now spending stupid money trying to reinvent the proverbial wheel of making TV shows and movie.
So LA expansion is not a coincidence... this is where the talent lives whom FAANG wants to hire. And I'm not talking about actors, writers, or directors. I'm talking about production people, accountants and lawyers who know how to do entertainment deals, and people who work in distribution. They all live in LA and no one wants to move to Seattle or San Jose.
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Case in point: Netflix's Bay Area-based CFO retired last year, and they hired an LA-based replacement.
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