Is Hollywood Losing Its Industry Roots? Michelle Pfeiffer Weighs In

Synopsis
Hollywood veteran Michelle Pfeiffer raises alarms about the declining film industry in Los Angeles, revealing that only a fraction of her recent projects have been filmed locally. In a heartfelt speech, she emphasizes the need for tax incentives to bring jobs back to the city, reflecting on her own journey in acting and the importance of staying connected to the industry.
Key Takeaways
- Michelle Pfeiffer is currently filming 'Margo's Got Money Problems' in Los Angeles.
- Only three out of 23 of her recent projects were filmed locally.
- Pfeiffer emphasizes the need for tax incentives to retain the film industry in LA.
- She recalls her humble beginnings in acting, which started with a commercial.
- Public speaking still makes her nervous, even after decades in the industry.
Los Angeles, April 27 (NationPress) Hollywood star Michelle Pfeiffer is currently filming 'Margo's Got Money Problems' in Los Angeles, California. This project is a streaming adaptation of a bestselling novel, featuring Nicole Kidman and Elle Fanning.
Over the past two decades, Pfeiffer has worked on 23 projects, with only three filmed in the city, as reported by 'Variety'.
“That’s insane,” remarked the three-time Academy Award nominee after her hand and footprint ceremony at the TCL Chinese Theater in Hollywood.
According to 'Variety', like many in the film and television industry, Pfeiffer is concerned that Los Angeles may lose its status as an industry hub.
“I may not fully grasp the politics behind it all, but it’s clear we need to reinstate tax incentives,” she stated. “Producers prioritize the financial aspect of productions — they want to maximize their investment. If moving elsewhere saves $4 million, or even just a million, that's a significant amount.”
She continued, “I understand it’s likely more complex than it seems, but the jobs haven't disappeared. They’ve simply relocated. We must bring them back.”
Pfeiffer reminisced about her first acting gig, a Ford truck commercial, for which she was excused from her cashier job at a Von's in Orange County to shoot in Malibu.
“Initially, my only thought was, ‘Can I make a living doing this? If I could, that would be amazing’,” she recalled. “That would have sufficed for me.”
Fast forward nearly 45 years, and Pfeiffer admitted to feeling nervous before her speech at the ceremony.
“I was really anxious,” said Pfeiffer, who stars in Taylor Sheridan's upcoming series 'Madison'.
“Public speaking makes me quite nervous,” she added.
During her address, Pfeiffer shared how she fell in love with acting while taking a theater class in high school.
“I caught the bug,” she said during her speech.