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flag Hollywood faces losing its dominance as global and U.S. states offer bigger incentives for film production.

flag Hollywood is facing intense competition from other countries and states for film and TV production due to various financial incentives and tax breaks. flag This competition has intensified due to the pandemic and recent strikes, leading to a decline in available work. flag With over 100 countries offering incentives and states like New York and Texas increasing their production incentives, the trend of "runaway production" is threatening Hollywood's dominance in the industry.

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