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Hollywood Loses Shine for Big Budget Projects03:58

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The Hollywood Sign is seen on November 16, 2005 in Los Angeles, California. (David McNew/Getty Images)closemore
The Hollywood Sign is seen on November 16, 2005 in Los Angeles, California. (David McNew/Getty Images)

Film and television projects are leaving Hollywood in droves as states and foreign countries offer financial incentives to lure projects away.

A recent 20-year overview reports that in 1997, 68 percent of the top 25 live-action movies were filmed in California. That number dropped to 8 percent in 2013.

And while the number of Hollywood reality TV and online productions have risen in the past few years, that's been offset by the number of long-form TV and film projects filmed elsewhere.

David Cohen of Variety joins Here & Now's Jeremy Hobson to discuss whether California is losing its place as the home of entertainment.

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