Here's Why California Is Being Muscled Out By Non-US TV, Movie Production Houses

(MENAFN- Investor Brand Network) California has lost an alarming amount of TV and movie productions to non-American production houses in recent years. The state has dominated the entertainment industry for over five decades and is home to a vast portion of the segment's soundstages, but the UK has begun eating into California's market at higher rates.

For companies like Momo Inc. (NASDAQ: MOMO) that engage in TV and...

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